Chemical tanker owner Odfjell is confident it can deal with a looming $82.5m bond maturity — even if it fails to refinance the issue in the meantime.
Chief financial officer Terje Iversen explained the Oslo-listed company will have enough cash to pay off the remaining amount in January.
The company repaid $50m of a revolving credit facility in July and signed a term sheet for a $50m short-term loan earmarked for the bond balloon payment.
