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.