J. Lauritzen owner secures CEO's refinancing plan
After resistance from J. Lauritzen's bondholders, sole owner Lauritzen Fonden must inject the carrier with extra capital. "This is a very important agreement for the carrier," says CEO Mads Peter Zacho to ShippingWatch. Repayment of bank loans will now be halved for four years.
It was not until sole owner Lauritzen Fonden stepped in that J. Lauritzen was able to land the agreement with the owners of a NOK 500 million bond loan.
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