Norway’s Eidesvik Offshore has carried out its second major refinancing in two years as it prepares for growth.

The Oslo-listed offshore vessel owner said it has agreed a term sheet with banks to push maturities out to the end of February 2026.

As part of the deal, Eidesvik will make a pre-payment of NOK 410m ($40m) from available cash, “materially reducing” its borrowings.