Russian boxship company Fesco has won more than 50% acceptance for its US bond restructuring.
The company said a majority of the holders of its 8% notes due in 2018 and the 8.75% issue due in 2020 will enter into a standstill and lock-up agreement (LUA).
Fesco urged other bondholders to also sign up to the refinancing scheme.
Last week, the owner said a deal was in place to restructure $875m of bonds with a group representing 47% of the US dollar notes.
