Oslo-listed seismic vessel owner SeaBird Exploration is planning a financial restructuring that could erode current investors' shareholdings.
The company said that as a result of significant market uncertainty, as well as upcoming debt maturities, it had engaged financial advisors to evaluate "financial alternatives."
These could include the raising of additional capital, as well as refinancing or restructuring existing obligations.
It warned: "Any such transactions may result in a significant dilution to current shareholders."
SeaBird
