Khamis Juma Buamim, chairman of Dubai-based Drydocks World LLC, the Middle East’s biggest shipyard, said he is confident that lenders will accept a proposal made March 8 to restructure $2.2 billion of debt. He spoke to reporters that day about the plan.
On the debt restructuring plan
“It’s a five-year debt payment. It’s a restructuring of the debt for five years. It’s too early to talk about that (haircut on loans), I can’t comment on that. We continue to pay interest on the loans, we never stopped. We are confident that this (the restructuring) is going to be achieved in the timespan that we agreed with our lenders. We already have a working capital facility. It’s a continuation of what we agreed a year ago.
On whether Drydocks plans to sell its South East Asian business:
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