Solstad Offshore, creditors agree on draft restructuring plan Wed, Apr 01, 2020 - 3:52 PM The large majority of stakeholders, including secured lenders, leasing companies, industrial shareholders and key bondholders plan to sign a binding agreement by the end of April, the Oslo-listed firm added in …

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Norwegian OSV operator Solstad Offshore has received approval for its proposed restructuring at an extraordinary general meeting on Tuesday. The approval comes after the company, formed by the

Idag bedriver och förvaltar bolaget över flera fartyg på global nivå. Fartygen består huvudsakligen av ankarhanterings- samt installationsfartyg. Merparten av kunderna återfinns inom oljeindustrin, men även en del verksamhet utförs inom förnybar energi. 2 days ago Solstad Offshore has received approvals from its remaining secured lenders to proceed with the restructuring of the company and its subsidiaries.The company will now proceed with implementation of the restructuring implementation agreement and financial restructuring. This would leave Solstad with a fleet of approximately 90 vessels after the disposals are completed. Right on the bell, Solstad’s former head of sale and purchase, Adrian Geelmuyden, announced that he was leaving the company to become Commercial Director, Offshore Supply at Seatankers Management, one of John Fredriksen’s companies. Solstad Offshore levererar tjänster inom offshore- och oljeindustrin.

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Offshore staff. SKUDENESHAVN, Norway – Solstad Offshore has reached agreement with a majority of its stakeholders on a restructuring of the company.. Key terms include: Around NOK10 billion ($959 million) of debt (secured debt, leasing obligations, bond obligations and others) to be converted to equity. Solstad Offshore, Creditors Agree on Draft Restructuring Plan Tweet Norway's offshore service vessels (OSVs) supplier Solstad Offshore and its creditors have agreed on a draft restructuring plan, which includes converting 10 billion crowns ($962.17 million) of debt into equity, the company said on Tuesday.

Restructuring update Thu, Apr 30, 2020 22:53 CET. Reference is made to the stock exchange communication of Solstad Offshore ASA (the "Company") of March 31 st, 2020 in which it was announced that the Company and a large majority of its stakeholders had established a common plan to finalise the negotiations for the restructuring of the Company on the basis of a restructuring outline …

Photo: PR/Solstad Offshore. BY DANIEL LOGAN.

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Reference is made to Ocean Yield   11 Jun 2020 Creditors of Norwegian oil services shipping company Solstad Offshore have agreed to a restructuring that will see lenders take up to 75% of its  Norway's offshore service vessels (OSVs) supplier Solstad Offshore and its creditors have agreed on a draft restructuring plan, which includes  31 Oct 2019 Reference is made to the previous stock exchange notices of Solstad Offshore ASA ("SOFF") regarding the SOFF group's ongoing restructuring  20 Oct 2020 Solstad's success at completing its restructuring comes as others in the sector continue to struggle. Last week, Siem Offshore put new  10 Mar 2021 Solstad Offshore has announced a series of contract awards with Total, with all signs pointing to restructuring and forced vessel sales. Assisting GIEK in the restructuring of Solstad Offshore ASA in 2019 and 2020. Marius Moursund Gisvold. In the period 1983-2019,  6 Feb 2017 Subsequent to completing Farstad's restructuring, the companies will then merge, with Solstad Offshore taking over the other two companies  2 Jun 2020 In particular, he has been instrumental in the financial restructuring process the company has been in for the last 18 months,” says Lars Peder  6 Feb 2017 Furthermore, the parties to the Restructuring Agreement, together with Soff Invest AS and Ivan II AS and Tyrholm & Farstad AS, have agreed to  21 Dec 2018 During the standstill period Solstad Offshore ASA intends to implement a financial restructuring of the company.

Solstad offshore restructuring

SOFF is pleased to announce that a large majority of the stakeholders, including secured lenders, leasing companies, industrial shareholders and key bondholders have established a common plan Reference is made to the stock exchange notice 31 March 2020 where Solstad Offshore ASA (the “Company”) and its subsidiaries (“SOFF” or the “Group”) informed that it had agreed on a plan with key stakeholders to finalise the negotiations for an agreement for the financial restructuring of the Group. In accordance with the said plan, SOFF has today signed a Restructuring Implementation Agreement (the “ RIA “) for a restructuring of the Group (the “ Restructuring “).
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Solstad offshore restructuring

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Solstad Offshore ASA (“Solstad”) is pleased to confirm that the large AHTS Normand Ranger has been awarded a contract in Australia for commencement in 2Q 2021. The vessel will mobilise from Norway and will then provide support to a major drilling campaign offshore North Western Australia, securing about 1 year of utilization for the vessel.

Merparten av kunderna återfinns inom oljeindustrin, men även en del verksamhet utförs inom förnybar energi. Solstad Offshore, creditors agree on draft restructuring plan Wed, Apr 01, 2020 - 3:52 PM The large majority of stakeholders, including secured lenders, leasing companies, industrial shareholders and key bondholders plan to sign a binding agreement by the end of April, the Oslo-listed firm added in a statement. 2020-04-01 · Solstad Offshore is looking to dispose of 37 older vessels as part of a restructuring plan, bringing down the group’s fleet of vessels to 90. Solstad Offshore levererar tjänster inom offshore- och oljeindustrin. Idag bedriver och förvaltar bolaget över flera fartyg på global nivå. Fartygen består huvudsakligen av ankarhanterings- samt installationsfartyg.