Car carrier company Wallenius Wilhelmsen has used some of its new bond cash to reduce looming debt maturities.
The Oslo-listed shipowner said it had spent $71.4m of a NOK 1.5bn ($166m) bond sold on 20 August on buy-backs of earlier issues.
The new debt matures in March 2026, whereas the four bonds targeted in the buy-back are due this year and next.
