Dof extends forbearance with creditors in limbo ahead of rescue plan

Norwegian offshore ship operator Dof will not have to pay installments and interest on most of its debt until the end of April. The company's finances are severely strained, and it is working to settle a long-term restructuring.

Photo: PR/Dof

Offshore ship operator Dof and subsidiary Dof Subsea have extended a deal with creditors which means that the companies will not have to pay installments or interests on most of their debt until April 30, writes Dof in an update.

The deal was reached with a majority of the secured creditors in the two companies. However, Dof Subsea must still make payments on a credit facility of NOK 100 million (USD 11.6 million) which it signed with a series of creditors in March last year.

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