Indonesian Shipping Co. Unit Confirms $143M Ch. 11 Plan
By Alex Wolf ( March 19, 2019, 6:11 PM EDT) -- A debt-laden unit of Indonesian coal transporter Arpeni Pratama Ocean Line received New York bankruptcy court approval Tuesday for a prepackaged Chapter 11 plan that swaps $143 million in senior secured debt for equity and supports a $437 million restructuring of the parent company....
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