Refinancing keeps Fredriksen's Archer in the black
Oil company Archer, one of John Fredriksen's strained energy businesses, delivered a significantly stronger result for the second quarter this year, though this was attributable to a refinancing completed in the spring.
Though it might at first glance look like good news for Fredriksen's severely strained oil business, the improved second quarter result for oil well company Archer is attributed exclusively to the refinancing implemented during this spring.
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