French OSV giant Bourbon has managed to reschedule the maturities of EUR910.8m ($962m) of its debts. Payments will now be stretched out through to 2022.
Bourbon has stacked much of its fleet in the past year and has seen its financial results take a nosedive.
“The confidence of our financial partners – on top of that of our customers and associates in the countries where we operate – is a tremendous encouragement for all those whose day-to-day efforts give life to Bourbon and prepare the innovative solutions of tomorrow in a profession facing profound changes”, commented Bourbon’s chairman and CEO Jacques de Chateauvieux.
