Bourbon finalises debt rescheduling

France’s largest OSV operator Bourbon has finalised its debt rescheduling. Bourbon has managed to reschedule the maturities of most of of its debts. Payments will now be stretched out through to 2022.

Bourbon, owned by the de Chateauvieux family, has stacked much of its fleet in the past year.

It claims in a release it has now fixed a “sustainable reorganization” of most of its debts, giving it a chance to emerge stronger from the current offshore down cycle.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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