Rickmers Maritime Trust (RMT) bondholders have voted against a proposed restructuring, leaving the future of the company in jeopardy.
RMT’s trustee-manager Rickmers Trust Management confirmed that the extraordinary resolution tabled at the bondholders meeting was not passed.
Bondholders representing 78.8% of the principal amount of the SGD 100m ($72m) bond took part in the vote with 67.3% voting against and only 32.7%
