Viking Supply Ships puts new proposal to bondholdersCompany News // July 13, 2016
Viking Supply Ships has confirmed that a term sheet which it agreed with its banks has now been signed by all of the relevant parties. “This marks an important step towards the completion of a long-term restructuring,” said the company, which faces bankruptcy if it cannot now obtain agreement from bondholders. “The main outstanding issue is now to reach an agreement with the bondholders of VSS 01 Pro,” the company explained.
With the term sheet signed, Viking Supply Ships has convened a bondholders’ meeting for bondholders in ISIN NO 001 0638158 – FRN Viking Supply Ships A/S Senior Unsecured Open Bond Issue 2012/2017 to propose amendments to the bond agreement.