Singapore's Pacific Radiance shares suspended amid debt restructuring

Pacific Radiance

28/02/2018 01:32

SINGAPORE, Feb 28 (Reuters) - Pacific Radiance  PACI.SI , a 
debt-laden operator of offshore vessels, said trading in its 
shares was suspended as the company continued discussions with 
major creditors and potential investors on the terms of its debt 
restructuring. 
    Earlier this week, the company's bondholders rejected its 
proposed terms to restructure its S$100 million note. 
    The company's bank loans and notes payable totaled $525.9 
million as of September 2017. 
 
 (Reporting by Aradhana Aravindan 
Editing by Stephen Coates) 
 ((aradhana.aravindan@thomsonreuters.com; +65 6403 5659; Reuters 
Messaging: aradhana.aravindan.thomsonreuters.com@reuters.net)) 
 
Keywords: PACIFIC RADIANCE STOCKS/SUSPENSION