Chilean salmon farmer Nova Austral's bondholders have accepted the company's proposed plan to deal with its current liquidity crisis, the company announced Aug. 10.
The company called for a bondholders' meeting to ask for a five-and-half-year maturity extension for $300 million (€253 million) worth of outstanding bonds as well as amendments to the bonds' terms.
To ease liquidity pressures, the company is proposing bondholders accept a temporary suspension of coupon payments and have them paid-in-kind.
