Russian boxship and bulker company Fesco has completed its notes restructuring with a $551.7m payment to holders.
It used a recently arranged loan with VTB Bank worth up to $680m.
"The claims of all creditors in respect of the USD notes have been released and discharged," it said.
Fesco said it was thankful for the bondholders' "constructive approach, which has made it possible to reach a solution acceptable to both sides."
