French vessel owner Bourbon has signed an agreement with its financial partners which will allow for the rescheduling of the maturities of a large part of its financial debt.

Bourbon said that out of its €692 million ($731 million) of long- and medium-term debt, €365 million of repayments due between 2016 and 2018 have been rescheduled and reduced to an amount of €63 million not repayable until 2018.