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An update from InterOil Exploration and Production ASA ( (DE:1ZD0) ) is now available.
Interoil Exploration and Production ASA has asked bondholders in its senior secured callable bond issue to approve amendments to the bond terms aimed at easing near-term liquidity pressures and supporting an ongoing review of the company’s capital structure. The company is proposing to pay the 31 January 2026 interest in kind through the issuance of additional bonds, extend the bond maturity by one year to 31 January 2027, shift from quarterly to semi-annual financial reporting (including a waiver of the Q3 2025 interim accounts), and obtain consent to dispose of certain Argentine assets, with any sale proceeds earmarked to bolster liquidity and fund continuing operations; the package of changes, which forms part of a broader forthcoming bond proposal, will be adopted if approved by a simple majority of voting bonds by 7 January 2026.
More about InterOil Exploration and Production ASA
Interoil Exploration and Production ASA is a Norwegian-based oil and gas exploration and production company listed on the Oslo Stock Exchange, with operational focus on Latin America. The company operates several production and exploration assets in Colombia and Argentina, employs about 50 people, and is headquartered in Oslo.
Average Trading Volume: 33,715
Current Market Cap: NOK16.51M
Find detailed analytics on 1ZD0 stock on TipRanks’ Stock Analysis page.