RESTRUCTURING

摘要

Hopes of negotiating a successful financial debt restructuring for Dutch technical services provider royal imtech came to end on Tuesday following the company's appointment of administrators. In a statement Imtech said it had appointed administrators after the District Court Rotterdam granted its request for a suspension of payments following its failure to secure the additional funding needed to tide the business over until a restructuring agreement could be reached. The news has come as a blow to Imtech's creditors which had hoped to reach an agreement. The group's debt, which includes a five-year senior secured €700m revolver, was originally agreed in November 2010 via ABN AMRO, BNP Paribas, Commerzbank, ING, KBC Bank, Nordea Bank, Rabobank and Royal Bank of Scotland.