Prosafe presents new business plan to its creditors

Debt-plagued offshore company Prosafe has presented its creditors with a new restructuring plan, which will help ensure a healthy business in the long term. The company is currently hit by the low oil price.

Photo: PR / Prosafe

Norwegian offshore company Prosafe has presented a restructuring plan to make the debt-plagued business healthy again.

The proposal has been presented during the ongoing negotiations with the company's creditors, which have agreed to postpone payments until the end of May on a debt that totals a little over USD 1.5 billion.

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