Volstad Maritime has secured support from its lenders regarding its refinancing plan for the company and certain subsidiaries.
The Alesund-based owner said its restructuring includes the redemption of Volstad Subsea’s bond issue due today, with the purpose of improving the group’s financial situation.
Volstad and its lenders have been working on the deal for some time, Volstad said.
A binding agreement for the restructuring is expected to be in place shortly.
