Exmar's Dutch subsidiary is hitting the road to try and refinance some bonds.
The company announced Thursday that it is working with DNB Markets, Nordea and Pareto Securities to organize a series of meetings with fixed income investors starting next week.
The meetings will be to drum up interest in refinancing bonds maturing in July. The gas carrier owner said an unsecured bond offering with up to a 3-year tenor may follow, subject to market conditions.
Per the Belgian company's first quarter earnings report, approximately $121.4m is outstanding on the bonds.
It reported an $11.4m loss for the first three months of 2019, with the company citing a weak market for its VLGCs.
