Tanker owner Nordic Shipholding will seal a new financing agreement with its lenders next month to tackle its looming debt maturity.
The Nasdaq OMX-listed Danish company has been in talks with banks to restructure $90.2m of borrowings maturing at the end of 2020.
A deal in 2018 saw financial covenants like minimum value and minimum equity ratio waived, while the minimum liquidity level was reduced.
