SINGAPORE (Oct 4): Swissco on Tuesday said it has hired Ernst & Young as independent financial adviser to assist in the refinancing and restructuring of its $100 million, 5.70% Singapore dollar-denominated bonds due 2018.

The marine services company is considering a refinancing plan to allow the company “to have an optimised debt structure, with sufficient time to manage its liabilities and growth in the present industry.”

It said it is in discussions with all lenders and holders of the redeemable exchangeable preference shares in two of its subsidiaries.

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