Odfjell Drilling Ltd. (DE:OD3) has released an update.
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Odfjell Drilling Ltd has amended its agreement with lenders, allowing for reduced quarterly payments on the Deepsea Nordkapp term loan, enhancing its financial flexibility. The adjustment will defer $34.2 million to be due at maturity in 2029, strengthening the company’s distribution capacity. This move reflects Odfjell Drilling’s strategic initiative to manage debt effectively.
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