Ultrapetrol said its lenders have agreed to another month of talks in order to avoid a default.
The company said its ongoing negotiations secured lenders to extend its existing forbearance agreements will now last until 31 May. The talks had been set to expire 30 April.
Damian Scokin-led Ultrapetrol “expressed its confidence” that a consensual financial restructuring can be achieved with secured creditors to provide Ultrapetrol with a sustainable capital structure.
Ultrapetrol,
