PT Arpeni Pratama Ocean Line Tbk picks PT Rothschild Indonesia to advise debt restructuring programe. Arpeni plans to issues US$60 million convertible bonds and rights issue US$70 million.
Restricted cash deposits relating to Arpeni collateral have fallen to around US$14 million in June 2010 from US$26.3 million at 31 December 2009.
Private equity firm Saratoga Capital has entered into term sheet agreement with Arpeni in a bid to acquire US$60 million convertible bonds (CB) and new shares issued by the bulk liquid shipping company. By acquiring Arpeni, Saratoga is hopefuly to convey a synergy with Arpeni's coal shipping business.
No comments:
Post a Comment