Photo: Havila Shipping
Norway-based offshore services company Havila Shipping says it has reached a last minute deal with all stakeholders, avoiding bankruptcy.
Havila announced Monday that it has received support from more than 2/3 of the outstanding bonds across all bond issues.
The support comes after a Nov. 24 stock exchange notice announcing that Havila Shipping’s Board of Directors had set the deadline for obtaining support to today, Monday, Nov. 28.
Last week the company said it had received notice from its bank lenders collectively that they intended to accelerate relevant facilities, and proceed with formal acceleration notices imminently after bondholders rejected a restructuring proposal described as the “only viable alternative to a bankruptcy”.
The company’s debt is said to amount to $639.92 million.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,959 members that receive our newsletter.
Have a news tip? Let us know.
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
COPENHAGEN, April 15 (Reuters) – Shipping company Maersk has not made any deployment changes after a Portuguese-flagged container ship was seized by Iran in the Strait of Hormuz on Saturday, the Danish company said on Monday. “We find recent...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,959 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
