GC Rieber Shipping: Amendments to credit facilities
GC Rieber Shipping has today received certain amendments to its two Subsea & Renewables credit facilities, including covenant relaxations, prolonging the 80% reduction of scheduled amortization until the end of 2021. This reduces scheduled instalments in 2021 by approximately USD 8 million.
“The recent amendments will prolong GC Rieber Shipping’s financial runway, enabling the company to focus on developing profitable and sustainable maritime projects as a shipowner and project house”, said Einar Ytredal, CEO of GC Rieber Shipping.
Source: GC Rieber Shipping