Interoil Exploration and Production ASA has requested a bondholders' written resolution to amend terms of its senior secured callable bonds with ISIN NO 001 0729908. The proposal would settle the interest payment due 31 July 2026 by issuing additional bonds, known as JulyPIK Bonds, carrying the same 8.50% interest rate and substantially equal terms. The company also seeks a waiver to extend the deadline for publishing its 2025 financial statements to 12 August 2026. The resolution requires a simple majority of voting bonds and the voting period expires at 5 pm Oslo time on 31 July 2026.
InterOil Exploration & Production ASACompany seeks to pay interest in kind and delay financial statement deadline, indicating financial distress.