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Indonesia’s largest oil and gas shipping company PT Berlian Laju Tanker, which has said it will stop servicing its debt, had $1.9 billion in outstanding debt as of the third quarter of last year, a company executive said on Friday, reported Reuters.
“Our outstanding debt as of Q3 2011 is US$1.9 billion ($2.4 billion) and the short term debt is around US$418 million. We are waiting for direction from our advisers on restructuring negotiations with lenders,” Peter Chayson, the firm’s general manager, told Reuters in Jakarta.
“Our outstanding debt as of Q3 2011 is US$1.9 billion ($2.4 billion) and the short term debt is around US$418 million. We are waiting for direction from our advisers on restructuring negotiations with lenders,” Peter Chayson, the firm’s general manager, told Reuters in Jakarta.
