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

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Restructuring outline Tue, Mar 31, 2020 21:30 CET 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.

During the restructuring process, SOFF has had constructive | … Lars Peder Solstad CEO, at +47 91 31 85 85 Anders Hall Jomaas CFO, at +47 40 04 29 18. Solstad Offshore ASA www.solstad.com. This information is subject of the disclosure requirements according to the Norwegian Securities Trading Act section § 5-12. Restructuring Implementation Agreement Fri, May 08, 2020 23:43 CET. 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. 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 … 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 … Solstad Offshore ASA: Restructuring Implementation Agreement Stock release 09.05.2020 0:43 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. 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”). It has been a tough road for Solstad Offshore and its subsidiaries, which have worked with their creditors towards a consensual financial restructuring since Q3 2018.

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Oct 20, 2020 Solstad's success at completing its restructuring comes as others in the sector continue to struggle. Last week, Siem Offshore put new  Mar 10, 2021 Solstad Offshore has announced a series of contract awards with Total, with all signs pointing to restructuring and forced vessel sales. Feb 6, 2017 Subsequent to completing Farstad's restructuring, the companies will then merge, with Solstad Offshore taking over the other two companies  Apr 1, 2020 Oslo-listed Solstad Offshore is set to slash its huge fleet under a proposed financial restructuring plan amid another looming downturn in the  Jun 2, 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  Feb 6, 2017 Furthermore, the parties to the Restructuring Agreement, together with Soff Invest AS and Ivan II AS and Tyrholm & Farstad AS, have agreed to  Dec 21, 2018 OCY – standstill agreement with Solstad Offshore ASA FOR the period Solstad Offshore ASA intends to implement a financial restructuring of  Dec 21, 2018 During the standstill period Solstad Offshore ASA intends to implement a financial restructuring of the company. Ocean Yield will in connection  Oct 22, 2018 Solstad Offshore ASA, the company resulting from deals orchestrated by Shipping ASA, restructuring the company and folding it into Solstad  May 1, 2017 This campaign will be supported by Skansi Offshore. PSV Kongsborg (pictured),. Solstad Offshore PSV Normand. Aurora, and ERRV Esvagt.

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

Restructuring Implementation Agreement Fri, May 08, 2020 23:43 CET. 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. 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.

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

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 … 2020-10-20 2020-10-21 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 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 Solstad Offshore Completes Restructuring as Sector Struggles In the latest move, the shareholders, banks, and creditors of Norway’s Solstad Offshore approved a complex financial restructuring. Solstad Offshore ASA and its subsidiaries have since Q3 2018 worked with their creditors towards a consensual financial restructuring. During the restructuring process, SOFF has had constructive | … 2020-03-31 Solstad gets the last creditors on board restructuring.

Solstad offshore restructuring

Restructuring update. 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”). Extraordinary general meeting held: Approval of restructuring Reference is made to previous stock exchange notices by Solstad Offshore ASA (the “Company”) concerning the proposed fully financed restructuring of the Solstad Offshore group, including the stock exchange notice on 29 September 2020 for the summons of an extraordinary general meeting on 20 October 2020 (the “EGM”). 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”). 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 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. Successful restructuring on multiple fronts.
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Solstad offshore restructuring

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 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 CEO Lars Peder Solstad Skudeneshavn, Norway, headquartered Solstad Offshore ASA reported yesterday that a majority of its creditors — 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. 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 Solstad Offshore ASA: Restructuring Implementation Agreement – update.

Solstad Offshore ASA: Restructuring Implementation Agreement Stock release 09.05.2020 0:43 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. 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.
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We are pleased to announce that the restructuring – a significant milestone which means that Solstad will continue to operate in a controlled manner, with predictability for employees, clients Restructuring outline Tue, Mar 31, 2020 21:30 CET. 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. 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 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 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. 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 ASA (“Solstad”) is pleased to confirm that the large AHTS Normand Ranger has been awarded a contract in Australia for commencement in 2Q 2021.