Debt-laden Norwegian converts more debt into shares as part of the restructuring plan.
The company states that after OSM Aviation Sweden and Pilot Services Sweden went bankrupt, the company has agreed to convert NOK 244 million in debt into shares. It emerges from a stock exchange announcement.
A total of 56.3 million shares will be issued at a price of NOK 4.25 per share. Two thirds of these shares will be able to be traded immediately, while the remaining will be held until 9 December.
After the new shares come on the market, Norwegian has a share capital of NOK 370 million.
This is the fifth time Norwegian has converted debt into shares since the restructuring plan was presented in May this year.
