Golar LNG Partners has secured extensions for two bonds as it works to shore up its financial position in light of the Covid-19 outbreak.
The Tor Olav Troim-backed company said on Tuesday that bondholders had approved 18-month extensions for two of its Oslo-traded bonds: one set to expire this month and the other next May.
"The background for the [extensions] is the recent Covid-19 virus induced deterioration in the macro-economic environment which has made a refinancing of the bonds in the capital markets impossible in the short term," the company said in a regulatory filing on 1 April.
