Scorpio's strained offshore company gets loan deferral

Scorpio-controlled Hermitage Offshore has reached an agreement with its lenders. The company has yet to find a solution for its restructuring and has been granted a deferral for the rest of the month.

Photo: Colourbox

Hermitage Offshore, which is controlled by Scorpio, has been granted deferral on payments on a loan facility of USD 132.9 million, says the offshore company.

The coronavirus crisis and the steep plunge in the oil price has hit Hermitage Offshore so hard that the company is negotiating with its lenders about its future.

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