This week's delay is the sixth deferral made by the company for payments initially due in early June, as bondholders and banks have failed to agree on a way forward for refinancing the company and its uncontracted new floating production, storage and offloading vessel Nexus 1.
Bondholders have now agreed to push back payment dates on a second lien bond loan of $175 million and a convertible bond loan of $75 million to 30 September and 1 October respectively.
