Pacific International Lines S$60 million switch tender offer

Overview:

• Pacific International Lines has undertaken a S$60 million switch tender offer.
• Existing noteholders have the option to exchange their existing notes that were due 2018 into new notes due 2020.
• Holders may keep their positions due 2018 if they want to.
• This is the first switch tender offer to take place in Singapore.
• Credit Suisse and Standard Chartered Bank have acted as dealer managers.

Katrin Kostadinova - Data analyst 

Read further analysis of this deal on IFLR.com