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KUALA LUMPUR: Yinson Holdings Bhd has sealed a US$800mil (RM3.33bil) refinancing agreement with 13 local and global banks to refinance its vessel.
KUALA LUMPUR: Shares in Bumi Armada fell 7.4% in early trade Thursday after the company announced a refinancing deal to escapes liquidation.
(Reuters) - Former Venezuela oil minister Nelson Martinez, who was arrested in 2017 as part of a sweeping graft probe at state oil company PDVSA, has died in state custody, the prosecutor's office said on Wednesday.
MILAN (Reuters) - Italian soccer club AC Milan has picked Bank of America Merrill Lynch to find lenders interested in refinancing the club and debt at its holding held by U.S. hedge fund Elliott, a source close to the matter said on Monday.
Breakfast briefing: Thursday, February 23
LONDON: Down the cobbled streets of Palermo, past baroque churches and gothic palaces, a lesson is lurking for Italy’s government as it hatches a plan to save the country’s banks.
KUALA LUMPUR: Malaysia’s stock market started off Wednesday on a lacklustre note in the absence of strong fresh leads from funds despite the firmer overnight close on Wall Street and key regional markets.
KUALA LUMPUR: SapuraKencana Petroleum Bhd, which recently announced a profit of more than RM1bil for the financial year ended Jan 31, 2014 (FY14), believes there are no bumps in its future earnings growth and has no plans to raise fresh funds or spin off its assets at the moment.
THE refinancing deal that SapuraKencana Petroleum Bhd has undertaken could see it lowering its blended interest rate by as much as 150 basis points to about 4%, from 5% currently, banking sources say.
NEW YORK: Hedge fund Marathon Asset Management has withdrawn a request for an independent investigator to examine the books of American Airlines, a unit of bankrupt AMR Corp, lawyers for the companies said at a hearing on Thursday.