Dutch offshore shipping player Oceanteam has reached an agreement with bondholders to avert potential liquidation in tough markets.
The deal is the result of talks with investors and banks that began in October last year.
It has arranged a timetable to repay the $92.5m bond in full, extend maturity in the meantime and reduce cash interest costs.
The owner also revealed the new terms will not include any share offering by its current shareholders.
The
