The Greek bulker owner, which filed for Chapter 11 protection from creditors earlier this month, aims to take votes to accept or reject the outfit’s restructuring through 28 October.
As TradeWinds has reported, the pre-packaged bankruptcy plan will see senior secured creditors take control of virtually all of the formerly New York-listed owner’s assets, since their claims of $771m in debt are worth more than Excel’s enterprise value of $575m to $625m.
The
