The company is seeking to refinance its secured bond maturing in June 2021 with a new secured bond (targeted volume of NOK 300m and a tenor of 3 years). Ahead of the contemplated issue, the company released a trading update this morning showing solid earning figures for Q4/20. Despite operating in a low-margin business and experiencing a back-loaded cash flow pattern, the credit case finds comfort in a strong cash position in combination with a high order backlog.
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Solid Q4 closes a record strong year
- Published:
20 Jan 2021 -
Author:
Michael Johansson -
Pages:
13
The company is seeking to refinance its secured bond maturing in June 2021 with a new secured bond (targeted volume of NOK 300m and a tenor of 3 years). Ahead of the contemplated issue, the company released a trading update this morning showing solid earning figures for Q4/20. Despite operating in a low-margin business and experiencing a back-loaded cash flow pattern, the credit case finds comfort in a strong cash position in combination with a high order backlog.