Brief: Havila Shipping Says Lenders Representing NOK 500 Mln Want Settlement At End-2024
01/10/2024 06:24
Oct 1 (Reuters) - Havila Shipping ASA HAVI.OL :
* UPDATES ON SETTLEMENT OF COMPANY'S DEBT
* BASED ON PRELIMINARY ESTIMATES, INTEREST-BEARING DEBT AS OF 31.12.24 WILL AMOUNT TO NOK
651
MILLION FOLLOWING UPWARDS ADJUSTMENTS
* LENDERS REPRESENTING MNOK 151 OF INTEREST-BEARING DEBT AS OF 31.12.24 EXTENDED
RESTRUCTURING
AGREEMENT BY ONE YEAR
* HAVILA HOLDING WILL CONVERT PART OF LIQUIDITY LOAN TO COMPANY INTO SHARES TO MAINTAIN ITS
OWNERSHIP STAKE OF 50.96%.
* LENDERS REPRESENTING MNOK 500 OF AMOUNT WANT SETTLEMENT AS OF 31.12.24
* EXTENSION OF AGREEMENT MEANS THAT SUBSEQUENT REPAIR ISSUE IS POSTPONED UNTIL 2026
* POSTPONEMENT OF PARTS OF THE CONVERSION TO SHARES WILL RESULT IN THAT THE LENDERS
CONVERTING
DEBT AS OF 31.12.24 WILL OWN ABOUT 44.8% OF THE COMPANY'S SHARES UNTIL THE LAST CONVERSION AT
THE END OF 2025
Source text for Eikon: ID:nGNE4sD9tD
Further company coverage: HAVI.OL
(Gdansk Newsroom)
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