DOF Subsea prevailed in a restructuring move put to bondholders, sending the company's publicly traded debt higher for the day.
DOF Subsea, jointly owned by offshore vessel owner DOF and private equity firm First Reserve, said it won 92% of the votes at a meeting of investors holding NOK 500m ($60m) in bonds.
The bondholders agreed to delay the maturity from May 2018 to staggered maturities of October 2019 for NOK 100m of principal and May 2020 maturity for the remainder.
