Genting HK gets creditor green-light for holistic recapitalization

Genting Hong Kong has announced it has received formal written agreement from its financial creditors, partners, and stakeholders to undergo a “holistic recapitalization of the group” and extension of the group’s material financial indebtedness.  The company has been working for months to solve the material impact that the covid-19 pandemic has had on its financial position and results.  The cruise industry was ground to a full halt during covid - causing an unprecedented strain on the global cruise ship industry. Genting Hong Kong operates Star Cruises, Dream Cruises and Crystal Cruises.  Company release