Oslo-listed offshore owner Seabird Exploration has unveiled a financial restructuring that will cut debt and charter obligations by $32m.
The seismic vessel company said the deal will comprehensively refinance the company if it can win agreement from all stakeholders.
Debt will fall by $22m and lease payments by $10.4m.
The remaining debt under its $29m bond and a loan from bunker supplier Glander will be a total of $5m, with remaining lease obligations of $2.4m.
