Press releases

NOL: Extension of bridge loan maturity

Hamilton, Bermuda – 15 December 2023

Reference is made to the stock exchange announcements of 28 June 2023 from Northern Ocean Ltd. regarding the amendment and restatement of its credit facilities agreement with related party Sterna Finance Ltd. to provide an additional $50.0 million in short-term funding with this balance repayable by the end of September 2023. This was further amended in September whereby the maturity was extended to the end of December this year. The maturity date has now been extended to the end of March 2024.

For further information please contact:
Jonas Ytreland
+47 95 46 55 50