Havila makes deal with banks and books huge impairment
The board of directors at Norwegian supply carrier Havila decided on Wednesday to keep fighting and continue operations at the struggling carrier with support from its banks. Deals with some creditors are still underway and the carrier books an impairment for USD 162 million.
BY KATRINE GRØNVALD RAUN
The Norwegian supply carrier Havila will not give up without a fight. On Wednesday, the board of directors decided to continue operations at the carrier in spite of the carrier's recent unsuccessful attempt to obtain adequate support from the bond holders for the proposed rescue plan. The company will carry on while the fight continues to find a solution with the financial creditors. A solution "that will enable the company to come through the current market challenges," Havila writes in a financial statement on Wednesday.
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