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Swiber wins creditors’ support for $200m deal

Swiber is now seeking to nail down, with long-time project partner Rawabi Holdings, a similar deal to a previous one with Seaspan that fell through. Creditors have approved this latest deal at a meeting convened almost four years after the start of Swiber's insolvency proceedings, which shook up Singapore's stock market

Most banks exposed to Swiber may have written off their debts to the firm by now and are inclined to support any investment deal that can minimise their losses  

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