Genting HK agrees financing package with creditors

Genting Hong Kong has reached a financing accord under which it will receive EUR300 million ($362.2 million) in new funding and the renegotiation of interest and maturities on existing debt.

The company announced in August 2020 that it was seeking support from stakeholders for a “holistic, solvent, amendment and restatement of the group’s financial indebtedness and recapitalisation transaction.”

The company has been hit hard by the pandemic, with revenue drying up due to the grounding of its cruise ships.

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