Offshore vessel owner Olympic Ship has been given a few more days to strike a refinancing deal with lenders.
A standstill debt agreement expired on 18 November and has now been stretched to 25 November.
The Stig Remoy-led company said last month it had secured vital liquidity from local investors.
“The company is in advanced discussions with the secured lenders, investors and representatives of bondholders,” Olympic said on Wednesday.
Olympic will continue to pay interest to finance providers while the secured lenders have agreed to postpone all amortization and maturities during the standstill period.
The liquidity of the group remains stable, the company added.
