Offshore

Crisis-struck Ezra addresses bondholders head on

Singapore based Ezra Holdings, with its extensive network of subsidiaries, held its first meeting with some of its lenders. The company, which is under US bankruptcy protection, is battling for survival.
by TOMAS KRISTIANSEN

The latest manifestation of the offshore crisis spanning the globe can be seen in Singapore-based Ezra, which has held its first meeting with a group of lenders, specifically the bondholders which are eagerly awaiting a restructuring agreement in the squeezed carrier.

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