Nordic Shipholding A/S announced that, with reference to Company Announcement 10/2020 following successful negotiations between the major shareholder, management and the lenders, an agreement has been reached with the lenders for an extension of the Company’s loan facility by another year to 31 December 2021. This loan extension and restructuring gives the Company more time to explore various scenarios, including the possibility of a merger, that to date have been negatively impacted by the effects of the Covid-19 pandemic.