Drydocks World seeking debt restructuring

09 March 2015

Dubai-based shipyard looking to revise terms on 2012 debt

Drydocks World, based in Dubai, is reportedly looking to carry out a second restructuring of existing debt.

According to Reuters, the shipyard will request creditors to adjust the terms of a $2.3bn restructuring deal signed in 2012.

Drydocks’ parent company, Dubai World, is in the process of finalising a restructuring of $14.6bn-worth of debt.

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