Ziton must raise new capital following breach of loan requirements

After losses in 2020 and the first months of 2021, wind carrier Ziton has been unable to comply with the requirements in the company's loan agreements. Last year, Ziton canceled a share issuance, but the company is now resuming its search for fresh capital. "The capital market has changed since then," CEO tells EnergyWatch's sister media, ShippingWatch.

BY ASTRID STURLASON, SHIPPINGWATCH

Danish wind carrier Ziton prepares for another share issuance as the company has failed to comply with loan requirements following several years of deficit on the bottom line.

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Wind servicer Ziton calls off big equity emission, turns to bonds
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Ziton plans to raise millions of euros to purchase vessel
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Ziton gets fresh millions from equity fund and asks creditors for patience
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