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J. Lauritzen's Norwegian loan now significantly more expensive

The interest on J. Lauritzen's Norwegian bond loan has almost doubled since it was issued in 2012. This could make it quite expensive to refinance unless this is paid with money from the owner or a new bank deal.

Photo: PR-foto/J. Lauritzen

When Mads Zacho took over as CEO of dry bulk carrier J. Lauritzen last year, the first thing on his agenda was to make a new deal for the carrier's total bank debt of USD 250 million.

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