Utico rescue deal may fail as Hyflux lenders oppose nTan adviser fees: Debtwire

THE restructuring agreement just signed this week between debt-ridden Hyflux and white knight Utico might fall through, given that Hyflux’s unsecured bank lenders are said to be opposed to the deal.

The main reason is a success fee of up to S$25 million payable to Hyflux adviser nTan