Havila Shipping has made a revised restructuring proposal to bondholders in its effort to garner their much needed support.
As part of the new proposal, the Oslo-listed offshore shipping company has agreed to buy back bonds up to a total par value of NOK 275m ($32.1m) and will also pay NOK 4.5m of interest in cash.
To facilitate the bond repurchase, Havila will increase the equity issue from NOK 200m to NOK 300m.
Arne
