Bondholders could knock down J. Lauritzen's bank deal
Two thirds of the bondholders need to vote in favor of repayment of their loans being postponed, otherwise J. Lauritzen's entire, new refinancing package, including backing from the banks and owner Lauritzen Fonden, will collapse. ShippingWatch has interviewed CEO Mads Zacho about the prospects.
The next couple of weeks will be rather decisive for the future of Danish carrier J. Lauritzen. Because even though CEO Mads Zacho as recently as Thursday managed to settle a deal with virtually all the company's banks, along with backing from owner Lauritzen Fonden, the bondholders have the final word in terms of whether the agreement, as it looks now, is realized.
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