Top Thai Builder Secures Debt Relief as Crash Probe Proceeds

Thailand’s largest construction company, which is under investigation for its role in two deadly accidents, won investor approval to restructure its outstanding bonds.

Italian-Thai Development Pcl received bondholders’ consent to extend the maturity of five notes totaling 14.5 billion baht ($468 million) by three years, the company said in an exchange filing Wednesday. The debt securities, which were originally due between 2026 and 2028, will carry higher interest and provide partial principal payment before maturity, in return for the approval, it said.