John Fredriksen’s Deep Sea Supply sounded hope for debt restructuring on its own balance sheet and that of a joint venture as it reported a first quarter loss today.
Oslo-listed Deep Sea Supply has a $117m balloon payment coming due in October, with discussions to restructure the payment well progressed, it said.
Financial challenges continue at Brazilian joint-venture DESS BTG. Deep Sea says negotiations with lenders for both refinancing of balloon payments maturing in 2016 and amendments to the repayment profile and covenant structure “positive and well progressed”.
The
