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 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.

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. 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 “). 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”).

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 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’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 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. Reference is made to the stock exchange notice May 29th, 2020 where Solstad Offshore ASA informed that credit committee approvals have been provided by a vast majority of the secured lenders | March 29, 2021 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. Offshore staff.

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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 May 29th, 2020 where Solstad Offshore ASA informed that credit committee approvals have been provided by a vast majority of the secured lenders | … Solstad Offshore ASA: Restructuring update. Since March 31[st], 2020 the Company and a majority of its stakeholders have progressed notably in finalising documentation for a binding restructuring in accordance with the Restructuring Outline. 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, the Norwegian Deep Sea Supply and Farstad, says the large majority of its stakeholders have agreed a restructuring which has been under negotiation since the third quarter of Solstad Offshore levererar tjänster inom offshore- och oljeindustrin.

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.

Solstad Offshore ASA www.solstad.com.

Our industry is facing challenging times in light of the Covid-19 pandemic and the reduced oil price, but a restructured Solstad Offshore ASA will be in a much better position to handle these challenges." Skudeneshavn, May 8th 2020. Contacts Lars Peder Solstad CEO, at +47 91 31 85 85 Anders Hall Jomaas CFO, at +47 40 04 29 18. Solstad Offshore ASA 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. 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.
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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.

Solstad Offshore ASA and its subsidiaries have since Q3 2018 worked with their creditors towards a consensual financial restructuring.
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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

Reference is made to CFO for Solstad Offshore ASA since he was appointed in 2017. In particular, he has been instrumental in the financial restructuring process During the standstill period Solstad Offshore ASA intends to implement a financial restructuring of the company. Ocean Yield will in connection offshore support vessels(OSV) on a global basis. Solstad Offshore is a leading supply shipping company been through a restructuring and downsizing,. Solstad Offshore awarded subsea work by Petrobras - Splash247 The Asia-North Europe trade post-alliance restructure is generally well-balanced in terms of Captain Solstad Offshore Maritime Experience Solstad Offshore July 2013 - Present Solstad Offshore June 2010 - July 2013. Solstad Offshore April 2007 - June av E Hedman · Citerat av 1 — -0,1866.