Havyard has seen a majority of bondholders support its proposed amendments.
Two thirds of bondholders have agreed to extend the maturity date of the HYARD01 PRO bond to 13 June 2020.
In exchange, Havyard is making a one-off payment of NOK 31.4m ($3.6m) at the same time as implementing a revised amortization of NOK 2.5m per quarter.
As a further compensation to bondholders, the interest rate of the bond will be increased by 1.25%
