Home / Business and Economy / Air Baltic seeks bondholder vote on emergency financing
Air Baltic seeks bondholder vote on emergency financing
4 Sep
Summary
- Air Baltic requested a vote on financing from bondholders.
- Proposed financing is backed by Polus Capital Management.
- Funds are needed during airline restructuring efforts.
Air Baltic Corp. is approaching its bondholders for a critical vote next week concerning proposed stopgap financing. This emergency measure is backed by Polus Capital Management and Klirmark Capital.
The airline, currently facing financial challenges, requires these funds to maintain operations while it navigates a comprehensive restructuring plan. Details of the proposed financing have been laid out for bondholders ahead of the vote.
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