Emas Offshore said it has its lenders to grant it another two months for negotiating a restructuring of some $567m in term loans.
Back in December, the offshore company said it planned to secure a refinancing deal within 60 days involving all of its lenders. The initial terms called for a refinancing of its financial obligations over five years.
Emas, which is controlled by the Lionel Lee-led Ezra Holdings, said it is still in the process of negotiating and finalising the definitive agreements.
