Havila Shipping ASA (DE:H4S) has released an update.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.