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Hard-pressed Dof secures extended deferral of major debt

Dof has obtained deferral of loan installments and interest payments from its creditors. The previous deferral agreement expired on May 31, and Dof came out of the first quarter this year with a loss of around USD 97 million.

Photo: PR / Dof Subsea

Offshore ship operator Dof, which is dependent on the goodwill of creditors, has obtained temporary deferral of loan installments and interest payments, enabling the company to continue negotiations with its creditors on a debt restructuring.

The deferral agreement covers 91 percent of the secured debt in Dof and subsidiary Dof Rederi, and 88 percent of the secured debt in Dof Subsea.

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