J Lauritzen has struck a key refinancing package that leaves all its debt maturing four years into the future and a looming bond repayment deadline addressed.
The relief comes after its sole shareholder, the Lauritzen Foundation, came up with an $80m cash injection to bypass objections from bondholders relating to a previous package.
While some documentation remains to be put in place, J Lauritzen chief executive Mads Peter Zacho says he sees the refinancing as “a done deal”.
