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    Solstad part-way through refinancing

    Company News // November 13, 2015

    Norwegian shipowner Solstad says the group has refinanced 60 per cent of its mortgage debt with maturity in
    2016 and preliminary negotiations with banks have started for the 35 pr cent of the debt.

    For the remaining part of the mortgage debt with maturity in 2016 (5 per cent) and for 75 per cent of the mortgage debt with maturity in 2017, the group "is in the final stages of refinancing."

    Solstad said the group has also signed a mandate agreement with DNB Markets covering assistance for the financing of the group’s newbuild with delivery in July 2016.

    The group’s plan is to repay a bond loan with maturity in 2016 in full.

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