J Lauritzen has struck a deal with its main shareholder that will see an $80m capital injection in order to meet a bond payment later this year.
J Lauritzen saw its previous restructuring solution, which involved a $30m cheque from the Lauritzen Foundation, knocked back by bondholders in March.
Now, with an extra $50m on the table, a new deal has been reached which redraws debt payments and sees bondholders repaid in full.
