Press releases

NOL: Extension of bridge loan maturity

Hamilton, Bermuda – 29 September 2023

Reference is made to the stock exchange announcements of 29 August 2021 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. The maturity date has now been extended to the end of December 2023.

For further information please contact:

Jonas Ytreland – CFO
+47 99 46 55 50