Rig company Fred. Olsen halts debt payments
Struggling Norwegian offshore rig company Fred. Olsen Energy will be halting interest and amortization payments on its debt. "We experience the communication as being good and constructive," says the firms CEO about negotiations with financiers to Norwegian business daily Dagens Næringsliv.
Fred. Olsen Energy's share price was promptly affected by the company's announcement Wednesday afternoon that it would halt interest amortization payments on its debt, writes Norwegian business daily Dagens Næringsliv.
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