In a conference call hosted by CRT Capital, Connecticut-based restructuring specialist Evan Flaschen said there is a chance the embattled US shipowner will operate outside the Chapter 11 restructuring system “for a while” but admitted nothing is certain.
“We of course have the February 2013 maturity [of a fully drawn $1.5bn revolver] so if they are hoping for a planned [pre-packaged bankruptcy] filing, that may be their planned target date more so than next week or the next month,” he said in response to moderator David Epstein.
When
