Home About UsPublicationsForumsConsultingContact Us
Back to Earlier Search Results New Search Logout

Links

CMA Shipping 2011

Marine Money Forums

Marine Money Asia Week

Freshly Minted Newsletter

Marine Finance Dashboard

Genmar – Prenegotiated Deal Filed, Prospects for Quick In and Out of Court Hoped

If you have to restructure and use Chapter XI, take a page from Genmar, where a pre-negotiated restructuring proposal has been filed. The effort would seem to have been put together with maximum chance for all parties from banks, to trade creditors and the bondholders to approve the deal and the company to go into and then come out of the court with speed giving it a better than fighting chance to be a successful commercial company – assuming a modest recovery in the tanker markets – again.

This is only an excerpt of Genmar – Prenegotiated Deal Filed, Prospects for Quick In and Out of Court Hoped

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login

Username
Password
 


Related Archive Files


Written by: | Categories: And in New York..., Freshly Minted | February 2nd, 2012 |

Tags: · ,

Leave a Reply

You must be logged in to post a comment.

Copyright 2008. Marine Money. All Rights Reserved.