Singapore boxship owner Pacific International Lines (PIL) is pledging a continuing reinvention of the company after it completed its $750m refinancing.
The company said the restructuring agreement became effective on 30 March, with $200m being pumped in by Heliconia Capital Management through the purchase of convertible preference shares.
PIL has also clinched a $200m term loan facility and a $200m revolving credit facility from Heliconia, which is part of Singapore state investment company Temasek Holdings.
