Beleaguered Ezra won't pay interest on its $150m notes

It was supposed to be due on April 24.

Offshore marine group Ezra holdings which filed for US bankruptcy protection last month announced that it will not be paying the interest due on April 24 on its $150m 4.875% fixed rate notes due 2018.

The group said this is due to the US bankruptcy code.

“The Company wishes to announce that the interest payment…constitutes pre-Ezra Chapter 11 Filing unsecured claim that the Company is not permitted to make pursuant to the United States Bankruptcy Code,” the group said, "When in doubt as to the action they should take, stakeholders and potential investors should consult their financial, tax or other advisers.”

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia