Vroon reaches restructuring agreement with lenders

Vroon reaches restructuring agreement with lenders

Dutch owner Vroon has reached an in principal agreement with its lenders regarding the terms of its financial restructuring.

The company believes the agreement is an important step forward towards the finalisation of its financial restructuring, having been in discussions with its banking and finance partners since late 2016.

“Vroon is confident that the envisaged restructuring will provide generous runway to implement its strategic plans. Vroon wishes to thank its finance partners for their constructive support and trust in the business,” the company said in a release.

Vroon said it is committed to continue taking measures to strengthen its financial condition. It currently operates and manages, under different brand names, a diverse fleet of approximately 200 vessels.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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