Announcement No. 9, 2013
J. Lauritzen A/S offers to repurchase bonds from the bondholders in the Bond Issue
On 22 October 2013, the Company announced the sale of ten wholly owned product tankers to Hafnia Tankers, with intended delivery before the end of February 2014. The sale will strengthen the Company’s cash position and the Company considers applying some of the proceeds towards reducing existing debt, e.g. repaying loans and repurchasing outstanding bonds.