Thursday, May 23, 2019

Bourbon Advises of General Waiver Renewal with Lenders

January 3, 2019

A bourbon offshore support vessel underway (CREDIT: Bourbon)

Bourbon has announced the renewal of the general waiver with its leasers and debt holders representing the majority of the group’s debt, thus allowing it to suspend the payments of its loans and debt.

According to Bourbon, the waiver allows it to stay focused on its operational priorities, while pursuing its search for all solutions capable of adapting its financing to its performance, in a secured framework.

In a prepared statement, the company said that it "remains confident in its ability to find such a solution in an amicable framework." No other information was provided.

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