Norway's Fjord Line has clinched a DKK 400m ($61.18m) loan to fund a bond buyback.
The new facility was entered into with an unnamed single lender, it said.
The aim is to refinance its NOK 300m ($35.56m) five-year senior unsecured bonds maturing in February 2018. They carry interest of 8.75%.
Fjord Line will buy up to NOK 178.5m of the issue, of which it already owns NOK 121.5m.
