The Oslo-listed company’s shares were up more than 21% at around 4pm local time on Tuesday, not long after the report from Bloomberg emerged.
The news wire said Fredriksen could be willing to lend between $800 million and $1.2 billion to the rig owner as part of a potential deal with banks and bondholders as the company seeks to restructure its debt in the wake of prolonged rig market weakness.
Bloomberg
