Hyundai Merchant Marine completes US$2.1 billion out-of-court workout
Credit: iStock.com/narvikk
With advice from Cleary Gottlieb and local firm Yulchon, Korean shipping container line Hyundai Merchant Marine has completed a US$2.1 billion out-of-court restructuring, issuing new shares to creditors as part of a debt-for-equity swap.
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