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PIL trims $1bn debt as it seeks to emerge from restructuring

Holders of senior debt and option securities subject to a workout scheme will receive payments by the end of the year

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Executive chairman SS Teo says the company has ‘experienced the most dramatic turnaround’ in its financial position over the past eight months, backed by a pandemic-induced strong freight market

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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