Vroon has reached an in principle agreement with all its lenders regarding the terms of its financial restructuring.
The agreement, which is subject to final documentation and credit committee confirmation, is an important step forward towards the finalization of Vroon’s financial restructuring.
“The agreement marks the important step towards the final stage of a process initiated in late 2016 following continued challenges in shipping markets. Vroon is confident that the envisaged restructuring will provide generous runway to implement its strategic plans. Vroon wishes to thank its finance partners for their constructive support and trust in the business,” the company said.
Vroon has a professional shore-based staff of about 350 and around 2,800 marine personnel worldwide, and a diverse fleet of approximately 200 vessels.