The Oslo-listed offshore construction vessel owner had announced 12 December that it would ask the investors to push back the maturity date on the debt securities.
“The relevant bondholders will be approached with a suggested solution for the relevant bond loan when we know the outcome of the process for a debt restructuring agreement,” Arendal-based Cecon said today.
The company filed for court protection more than a week ago as it unveiled that it had insufficient liquidity to cover claims from Dutch creditors over a project for French utility Gaz de France, from whom Cecon is seeking payment for variation orders after completion of the pipelay project.
Cecon
