The New York-listed offshore vessel owner said the dealinvolves a new $100m senior secured debt facility that includes a new $80m loanat Libor plus 11.75%.
It also replaces a $20m unsecured loan with secured debt atLibor plus 6.75%.
The proceeds of the facility will be used to pay off $29.7min secured loans and $45m of borrowings under its revolving credit line.
“The
