Brief: Havila Shipping: Agreement With Lenders About Restructuring Of Groups Debt

Havila Shipping ASA

07/04/2020 12:03

April 7 (Reuters) - Havila Shipping ASA  HAVI.OL :
    * REG-HAVILA SHIPPING ASA: AGREEMENT WITH LENDERS ABOUT
RESTRUCTURING OF THE GROUPS DEBT
    * HAVILA SHIPPING ASA - RESTRUCTURING AGREEMENTS WILL
CONTRIBUTE
TO MAINTAINING A LIQUIDITY POSITION OF NOK 175 MILLION
THROUGHOUT DURATION OF AGREEMENT
    * HAVILA SHIPPING ASA - COMPANY HAS NOW AGREED WITH LENDERS
A
RESTRUCTURING OF DEBT CONDITIONAL UPON APPROVAL FROM FORMAL
BODIES
    * HAVILA SHIPPING ASA - AGREEMENT IS FOR A PERIOD OF FIVE
YEARS,
STARTING 02.01.2020 AND ENDING 31.12.2024
    * HAVILA SHIPPING ASA - EACH LENDER CAN EXTEND PERIOD WITH
ONE
YEAR UNTIL 31.12.2025.
    * HAVILA SHIPPING ASA - COMPANY HAS AGREED WITH HAVILA
HOLDING AS
PAYMENT OF A CONVERTIBLE LIQUIDITY LOAN OF NOK 100 MILLION

Source text for Eikon:  ID:nGNE6BG9Yf 
Further company coverage:  HAVI.OL 

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