Wednesday, September 21, 2016

Marco Polo Marine - Risk Heightens

I first wrote a post on the above on Nov 17 2015. Recently, MPM has started a process to seek consent from noteholders to rescheduled $50m worth of notes due Oct 2016 for another three years.

It looks like my observation is quite prescient. The risk of MPM entering judicial management or even liquidation has heightens.

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