Prosafe gets another one-month extension on its debt payments

Offshore shipping company Prosafe now has until the end of July until it must repay its debt and interest to its lenders. Negotiations remain constructive, asserts the company.

Photo: PR / Prosafe

Prosafe secures yet another extension on its debt and interest payments to its lenders. This time until the end of July, informs the offshore company in a statement.

The company has obtained support for an extension of an existing deferral of payments from the majority of the lenders behind a USD 1.3 million loan and a USD 288 million loan. Meanwhile, negotiations with lenders remain constructive, writes Prosafe.

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