SriLankan Airlines Debt Restructuring
SriLankan Airlines has successfully completed a debt restructuring of $175 million in bonds, securing 99% bondholder approval. This represents a significant financial milestone for the national carrier.
Looks like SriLankan Airlines finally discovered the financial equivalent of turning their tray tables and seat backs into a debt escape plan. Who knew airline restructuring could be more complicated than trying to recline in economy class?
SriLankan Airlines and govt finalise $175 million bond restructuring Read more: https://t.co/2pL0y6joty #lka #srilanka #adaderana #news #lanka #srilankanews #SriLankanAirlines https://t.co/UrwZYnqeT3
SriLankan Airlines Secures 99% Bondholder Approval in Landmark Debt Restructuring Victory 🎉 ✈️ SriLankan Airlines and the Government of #SriLanka successfully completed the restructuring of the airline's $175 million guaranteed bonds through a consent solicitation, exchange,