In addition, Lime is requesting the temporary waiver and suspension of minimum liquidity covenants for the bonds until Mar 31.
Oil and gas explorer Rex International filed two notices with the local bourse on Jan 12. In its first announcement, Rex says that its Norwegian subsidiary Lime Petroleum Holding AS is seeking a deferment of Lime’s interest payments to bondholders for its 2027 and 2028 bonds.
Lime is seeking an extension on the bond payments, including any late interest penalty, to Mar 31. The original payment dates are Jan 19 for 2027 bonds and Jan 12 for 2028 bonds.
