Oslo-listed Golden Energy Offshore (GEOS) has struck a deal to restructure its bonds as it turned a profit in the first half.
The Victor Restis-controlled shipowner had sought talks with bondholders earlier this year, saying the performance of two of its supply ships had contributed to a market situation that left it likely to be“incapable” of making scheduled interest payments.
But in its six-month results statement, the company said it had successfully completed a buyback of notes with a nominal value of more than NOK 128m ($15.42m)
