Singapore's restructuring Marco Polo Marine has hailed a new deal with bondholders to waive non-compliance and clear the way to amending the debt.
It had warned investors in April that it would fail to pay a coupon on the SGD 50m ($36.86m) series carrying interest of 5.75%.
The notes were due in 2016, but last November bondholders agreed to a three-year extension until 2019.
