BW Offshore gets banks on board for USD 500 million deal

Refinancing to the value of 500 million US dollars is now a reality after BW Offshore managed to get its banks on board.

The plan to refinance BW Offshore's debt for a total value of US 500 million, as previously announced by the company, has now been realized, informs the company in a stock exchange announcement.

After bondholders cleared the refinancing plan earlier this month, the banks have now also come on board.

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