Olympic Ship has been given two extra weeks to agree on a restructuring deal with its bondholders.
The company’s latest deadline expired on 28 October and has now been stretched to 11 November.
Olympic said it is in advanced discussions with secured lenders and investors and has also initiated talks with bondholders.
It added that there can be no guarantee that a solution will be found in a timely manner and that the company might from time to time be in breach of certain covenants.
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