Tue 06/30/2020 15:26 PM
An ad hoc group of holders of MPC Container Ships Invest’s $200 million L+475 bps secured notes due September 2022 has organized to oppose an amendment supporting a
recapitalization proposal from Invest’s parent, Norwegian container feeder vessel operator MPC Container Ships ASA, according to sources. The proposal, aimed at alleviating the pressure that depressed cargo volumes and charter rates due to the Covid-19 pandemic have put on liquidity and covenants, contemplates amending the...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.