An agreement with a group of private lenders that was announcedon 14 November 2013 will not be closed, it said.
The secured loan of $65m was to be at Libor plus 7%.
This month, the Oslo-listed shipbuilder raised $60m from an oversubscribed private placement of 2.25m shares to institutional investors inthe US.
It has two other loans ongoing: $60m from PIDC Regional Centerthat matures in 2019 at 2.75%
