Struggling Solstad Offshore closer to rescue plan
Offshore ship operator Solstad Offshore is close to settling a restructuring plan with its creditors. The plan means that, among other things, debt totaling NOK 10 billion will be converted into share capital, and that a large part of the fleet will be sold off or scrapped.
Struggling Norwegian offshore shipping company Solstad Offshore is approaching the finish line in its almost 18-month long negotiations with its creditors to secure a restructuring.
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