Yacht Lift investors ‘approve’ rollover of €2m bond on the eve of its repayment

Holders of a €2 million bond issued by Yacht Lift Malta have “approved” an exchange of their existing bonds for new bonds repayable by 2027. Investors were asked by the company to approve the exchange of their bonds in a vote held just one day before Yacht Lift Malta was meant to repay the €2 million it owed bondholders. The bond exchange means Yacht