The Greek bulker owner says thebankruptcy court overseeing its Chapter 11 case has approved an amended plan ofreorganisation.
In a statement released Monday afternoonthe company noted the proposal is supported by both senior secured lenders andunsecured creditors.
“The plan was unanimouslyaccepted by Excel’s two voting classes, with 100% of the class of securedlenders and approximately 92% of the class of impaired Excel general unsecuredcreditors, by value, voting in favor,” the operator added.
Upon
