Emeco Scheme of Arrangement successfully completed

4 April 2017

Ferrier Hodgson congratulates Emeco on the successful completion of its recapitalisation and merger with Orionstone and Andy’s by way of Scheme of Arrangement.

Emeco has a strengthened balance sheet and enhanced fleet which will provide it with opportunities for growth as well as providing benefits to customers and potential for enhanced enterprise value for shareholders.

Ferrier Hodgson Scheme Administrators, Martin Jones and Andrew Smith administered the successful implementation of the Scheme which was completed on 31 March 2017.

Scheme Administrator Martin Jones said “We have been pleased to have been involved in this matter.

“We congratulate the Emeco management team, advisors and note holders in their collaborative approach throughout this matter.”

 

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