Måsøval AS has initiated a waiver process with its lenders under its senior bank financing of NOK 1.9 bn. for a temporary waiver of the financial covenant on interest cover ratio of no less than 3.00x for Q3 2025.
This process has now been completed, and the lenders have approved a temporary waiver of the requirements for interest cover ratio for Q3 2025.
The requirement on equity ratio to be higher than thirty per cent (30%) will remain in effect for Q3 2025.