Boxship and bulker owner Borealis Finance has clinched a refinancing deal with bondholders that secures liquidity until towards the end of 2023.
The UK-based company told TradeWinds that two-thirds backing for its refinancing had now been "fully secured" in a vote.
"These amendments and fresh equity injection should give us runway until maturity of the bond and we now have a strong balance sheet inside the bond with liquidity of $40m-plus," teh company added.
