J. Lauritzen is repaying its bondholders

J. Lauritzen has dropped its attempts to secure an extension of its NOK 300 million bond loans. The carrier will now pay the entire loan when it is due in October 2017, with money from its owner Lauritzen Fonden, which will increase its planned capital injection to USD 80 million.

Photo: PR-foto/J. Lauritzen

Danish bulk carrier J. Lauritzen has given up on securing an extension of its NOK 500 million bond loan.

Instead, the carrier will repay the entire loan when it is due in October with funds from owner Lauritzen Fonden, according to a press release from J. Lauritzen.

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