Woodbois Ltd - Guernsey, UK-based forestry management firm - Postpones repayment on a loan from Copenhagen-based financial service provider Nykredit Bank AS. Woodbois seeks a settlement agreement with the Danish bank, which on January 10 terminated a debt facility to subsidiary firm, Woodbois International APS.

The deadline for full repayment of two loans is Friday. The outstanding amounts are kr6.8 million, or $610,000, and €2.1 million. Woodbois says it is working towards ‘a satisfactory solution’. Nykredit reserves its position on the matter.

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