Solstad Farstad's subsidiary restructures debt

A subsidiary of the relatively newly-merged Norwegian offshore service and supply carrier Solstad Farstad has landed a debt restructuring agreement.

Norwegian offshore service carrier Solstad Farstad's subsidiary Solship Invest 3 AS has reached a debt-restructuring agreement with its creditors. 

According to Solstad Farstad, the agreement includes a postponement until the end of 2019 on aggregated amortization, interest and so-called bareboat payments at a total of USD 48 million. Furthermore, the debt restructure allocates USD 27 million from Sterna Finance Ldt. to Solship Invest 3 AS.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Borr Drilling seeks capital in the US

Tor Olav Trøim’s Borr Drilling searches for capital in the US and plans to issue shares on the New York Stock Exchange, a company statement reveals.

Seaspan to supply container fleet with green fuels

Seaspan has a new strategy underway, through which the major tonnage provider plans to use its network to enter a number of a new business areas, with one area being delivery of green fuel to its customers.

Further reading

Related articles

Latest news

See all jobs