Havila Shipping ASA (DE:H4S) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Havila Shipping ASA is managing debt restructuring, with lenders holding NOK 651 million in interest-bearing debt opting for settlement or conversion into shares by the end of 2024. A portion of this debt is linked to specific Havila vessels, with the remainder to be converted into a 21.5% equity stake in the company. The company is also refinancing its fleet and has extended its restructuring agreement for certain debts until the end of 2025, which will postpone a repair issue to 2026.
For further insights into DE:H4S stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue