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MPC revises proposal to bondholders after criticism

Feeder shipping company MPC Container Ships revises its proposal to bondholders about refinancing ahead of a meeting today. The revision comes after criticism from one bondholder.

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MPC Container Ships presents a new proposal to its bondholders about a plan to refinance the company.

The new plan is presented after the feeder company's original proposal was criticized by bondholder Cohanzick Management, which wanted the shipping company to withdraw its plan, wrote Norwegian media Finansavisen Thursday.

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