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Euronav final year results*

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EURONAV funnelHighlights 2013  CORPORATE

Euronav launched an exchange offer on all outstanding bonds with maturity 31 January 2015 in exchange for newly issued convertible bonds maturing 31 January 2018. The final aggregate principal amount of existing convertible bonds that were validly tendered for exchange was USD  125 million, representing a total of 1, 250 new convertible bonds which were issued. Today only USD 25 million of the bonds maturing in 2015 remains outstanding.

Euronav signed a 4 year extension of its USD 300 million senior secured credit facility originally signed in April 2009 and which, at the time of the extension, had an outstanding amount of USD 221 million. The facility, which has been extended until April 2018, will continue to have the same repayment profile of USD 20 million per year….

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20140327_Final year results 2013


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