Solstad Offshore ASA: Restructuring outline. SOFF is pleased to announce that a large majority of the stakeholders, including secured lenders, 

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Oct 31, 2019 Reference is made to the previous stock exchange notices of Solstad Offshore ASA ("SOFF") regarding the SOFF group's ongoing restructuring 

Last week, Siem Offshore put new proposals to its bondholders as it seeks to complete a refinancing valued at more than $1 billion, while Hermitage Offshore Services, Scorpio Group’s financially troubled offshore operation, announced the Solstad Offshore and its subsidiaries have been working with their creditors towards a consensual financial restructuring since Q3 2018. Besides converting Nkr10Bn (US$946M) of debt into equity, Solstad’s restructuring will also require it to sell or scrap 37 older and less sophisticated vessels in its fleet, leaving it with approximately 90 vessels. Solstad Offshore ASA: Restructuring update. Publicerad: 2020-04-30 (Cision) Tisdag 14 april. Solstad Offshore ASA: Delivery of DLB Norce Endeavour to new owner. Solstad today has a fleet of 126 vessels, a part of the financial and operational restructuring finalised in October 2020, was also to revitalise the fleet and divest part of the fleet that would form part of the future Solstad. In 2020, about 10 per cent of the company revenues came from offshore wind.

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This information is subject of the disclosure requirements according to the Norwegian Securities Trading Act section § 5-12. Restructuring update Thu, Oct 31, 2019 19:00 CET. Reference is made to the previous stock exchange notices of Solstad Offshore ASA ("SOFF") regarding the SOFF group's ongoing restructuring process, and the agreed suspension and deferrals of payments under its financing agreements (the "Suspension"). Solstad Offshore ASA: Restructuring outline 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 to finalize negotiations on the basis of a restructuring outline to the benefit of all stakeholders (the ”Restructuring Outline”). Restructuring Implementation Agreement - update Sat, May 30, 2020 00:21 CET. Reference is made to the stock exchange notice 8 May 2020 where Solstad Offshore ASA (the "Company") and its subsidiaries ("SOFF" or the "Group") informed that it had agreed a Restructuring Implementation Agreement (the "RIA") for a restructuring of the Group (the "Restructuring"). Solstad Offshore, the Norwegian As originally indicated in March when the first details of the restructuring was announced, Solstad will sell or scrap 37 vessels to give it a core fleet of Reference is made to the previous stock exchange notices of Solstad Offshore ASA ("SOFF") regarding the SOFF group's ongoing restructuring process, and the agre Solstad Offshore ASA: Restructuring Implementation Agreement – update Reference is also made to the stock exchange notice earlier today in which it was advised that the bondholders in the Group have voted in favour of the Restructuring. 2020-04-02 · Solstad Offshore ASA (the “Company“) and its subsidiaries (“SOFF” or the “Group“) have since Q3 2018 worked with their creditors towards a consensual financial restructuring. During the restructuring process, SOFF has had constructive discussions with all stakeholders.

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Solstad’s success at completing its restructuring comes as others in the sector continue to struggle. Last week, Siem Offshore put new proposals to its bondholders as it seeks to complete a refinancing valued at more than $1 billion, while Hermitage Offshore Services, Scorpio Group’s financially troubled offshore operation, announced the

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.

Solstad offshore restructuring

OSLO (Reuters) - Norway's offshore service vessels (OSVs) supplier Solstad Offshore SOFF.OL and its creditors have agreed on a draft restructuring plan, which includes converting 10 billion crowns

Solstad offshore restructuring

April 2, 2020. Solstad Offshore ASA (the “Company“) and its subsidiaries (“SOFF” or the “Group“) have since Q3 2018  Mar 1, 2021 Norwegian shipowner Solstad Offshore has bounced back in black as a result of successful financial restructuring completed in October 2020. Mar 31, 2020 Norway's offshore service vessels (OSVs) supplier Solstad Offshore and its creditors have agreed on a draft restructuring plan… Jun 2, 2020 Strained offshore ship operator Solstad Offshore has secured Fredriksen and Kjell Inge Røkke, for a much-anticipated restructuring plan.

Reference is made to the stock exchange communication of Solstad Offshore ASA (the “Company”) of March 31st, 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 (as described in the communication, the “Restructuring Outline”). OSLO (Reuters) - Norway's offshore service vessels (OSVs) supplier Solstad Offshore SOFF.OL and its creditors have agreed on a draft restructuring plan, which includes converting 10 billion crowns 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. Successful restructuring on multiple fronts - Solstad Offshore ASA 08.05.2020 Successful restructuring on multiple fronts On May 8th of this year, we reported to the market that Solstad Offshore ASA, its creditors and industrial shareholders have come to an agreement in the financial restructuring process of the group. Solstad with a foot-print in all global regions, is following the advice given by government and health authorities during the COVID-19 pandemic in all areas of its operations. In the latest move, the shareholders, banks, and creditors of Norway’s Solstad Offshore approved a complex financial restructuring.
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Solstad offshore restructuring

2005-01-18 ELEKTA AB. De bolag som bidragit minst till avkastningen i år är Solstad Offshore och BW The company has during the latter part of 215 been through restructuring and  Szymañski, L: The Polish story of success: Restructuring and privatization 4:B62, Norsk tanker får färöisk flagg 24:5, Rekordresultat för Solstad Offshore 24:6,  av E Hedman · 2013 · Citerat av 1 — -0,1866. -0,2175. 2006-04-27 JASON SHIPPING*. 2 840,3. SOLSTAD OFFSHORE.

Solstad gets the last creditors on board restructuring. The last remaining creditors have now approved Norwegian ship operator Solstad Offshore's restructuring. The plan was launched in early May and means that banks will take over a majority of the shares. Photo: PR/Solstad Offshore.
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Wi-LAN to restructure, spin off R&D, slash dividend Making moves in Solstad Offshore Skudeneshavn-rederiet fikk konvertert 10 milliarder 

In early May the shipping company announced that it had settled a restructuring with a majority of its creditors. Read this article for free Register with your E-mail.


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Restructuring Implementation Agreement - update Sat, May 30, 2020 00:21 CET. Reference is made to the stock exchange notice 8 May 2020 where Solstad Offshore ASA (the "Company") and its subsidiaries ("SOFF" or the "Group") informed that it had agreed a Restructuring Implementation Agreement (the "RIA") for a restructuring of the Group (the "Restructuring").

Solstad Offshore : Restructuring outline. April 2, 2020. Solstad Offshore ASA (the “Company“) and its subsidiaries (“SOFF” or the “Group“) have since Q3 2018  Mar 1, 2021 Norwegian shipowner Solstad Offshore has bounced back in black as a result of successful financial restructuring completed in October 2020. Mar 31, 2020 Norway's offshore service vessels (OSVs) supplier Solstad Offshore and its creditors have agreed on a draft restructuring plan… Jun 2, 2020 Strained offshore ship operator Solstad Offshore has secured Fredriksen and Kjell Inge Røkke, for a much-anticipated restructuring plan. Oct 31, 2019 Reference is made to the previous stock exchange notices of Solstad Offshore ASA ("SOFF") regarding the SOFF group's ongoing restructuring  Restructuring Implementation Agreement with Solstad Offshore for the vessels Far Senator and Far Statesman.