Solstad restructuring agreement approved
01 Jun 2020 - Upstream Costs and Technology | Headline Analysis
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Mark RaeMark RaeAssociate Director

A majority of Solstad Offshore’s secured lenders have provided credit committee approvals for the company’s restructuring implementation agreement.

Solstad Offshore expects that approval will be provided by the remaining relevant secured lenders within the next five to 10 days.

Aker Capital AS, Hemen Holding Ltd and Lars Peder Solstad have confirmed their intention to subscribe for shares in the restructuring.