The company, which operates in the marine and subsea sectors, has been experiencing a period of significant growth, driven by the increasing demand for offshore wind farms and other renewable energy projects. This growth has led to a need for increased capital to support its operations and expansion plans. James Fisher & Sons PLC has been a leader in the marine and subsea sectors for decades, with a strong track record of innovation and expertise.

Chief Executive Officer Jean Vernet said: “Our overriding priority in 2024 was to improve the group’s financial position, by significantly deleveraging the group towards our target range. Completing the refinancing provides the key foundations for growth needed to complete the second phase of our business turnaround and unlock the company’s full potential in the blue economy.” Shares in James Fisher were up 1.5% at 349.00 pence each in London on Thursday morning. By Emily Parsons, Alliance News reporter Comments and questions to newsroom@alliancenews.com Copyright 2024 Alliance News Ltd. All Rights Reserved.