Treasury
Interoil Exploration and Production Seeks Bondholder Consent for Changes to Interest Payment Terms
Interoil Exploration and Production (IOX.OL) is seeking bondholder approval for proposed changes to the terms of certain senior secured bonds.The Norwegian petroleum company said Friday it seeks to amend the bond terms to pay the interest due July 31 with additional bonds instead of cash. The payment-in-kind bonds will have the same terms and conditions as the existing securities, including an 8.50% interest rate.Interoil also requested a waiver on the requirement to publish its 2025 financial statements within 120 days from the end of the financial year, and instead extend the deadline to Aug. 12, 2026.
$IOX.OL
