Drydocks World is expected to reveal the terms of its proposed US$2.2 billion (Dh8.08bn) restructuring today.
The proposed deal is to last five years and analysts say lenders could take a haircut on their original loans.
"Since the majority of lenders support [the restructuring], it is a done deal," said Khamis Juma Buamim, the company's chairman.
He would not comment on whether three hedge funds that are creditors were among the small minority of investors yet to agree to the restructuring. Monarch Alternative Capital, a hedge fund in the United States, last month won a $45.5 million legal case against Drydocks.
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