Investor Presentaiton
Debt development
Bond
Balloon
Leasing/sale-leaseback
Secured loans
200
Scheduled
150
repayments and
planned
100
refinancing,
USD mill
50
0
4Q20
1Q21 2Q21 3Q21 4Q21 1Q22 2Q22
3Q22
4Q22 1Q23
2Q23
Repayment
Planned vessel financing
Ending balance year-end
1 400
1 200
1 000
Gross interest
800
bearing debt
600
1 256
1 081
ending balance,
933
400
791
USD mill*
200
0
-200
-400
2020
2021
2022
2023
55
* Nominal bank, lease and bond debt. Bond debt swapped to USD
Financials
O USD 50 mill liquidity facility is secured and
will be used to redeem Jan-21 bond...
...We might consider to refinance the bond if
the price is right for Odfjell
Except for the Jan-21 bond maturity, we do
not have any maturing balloons before 2Q22
Last newbuilding delivery and new debt
concluded in October 2020
Scheduled amortisations through 2023
will bring us in the lower end of our target
total debt range of USD 750 - USD 900
mill...
O...Timing is however, contingent on the
market developmentView entire presentation