Bourbon has delayed repayment of up to EUR 910.8m ($962m) of debt as it looks to ride out the offshore industry crisis.
The Jacques de Chateauvieux-led shipowner described the new terms agreed with its financial backers as “sustainable”.
The major changes see EUR 365m of repayments that were due between 2016 and 2018 reduced by EUR 63m, all of which will be due next year.
Jacques
