Siem Offshore to extend large loan
Siem Offshore will extend the repayment period on two Norwegian bond loans. The offshore carrier, controlled by Kristian Siem, will also issue shares for a total NOK 190 million. The issue is fully secured by majority shareholder Siem Europe.
Norwegian offshore carrier Siem Offshore will push back the maturation date of two bond loans while also issuing shares for NOK 190 million (USD 22.2 million), according to two filings submitted to the Oslo Stock Exchange on Tuesday.
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