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.

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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.

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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. 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 | January 27, 2021 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. 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.

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

In 2020, about 10 per cent of the company revenues came from offshore wind. 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.

Restructuring outline 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 Offshore Solstad Offshore SOFF is pleased to advise that the outstanding credit committee approvals from the relevant secured lenders have been granted, which means that the Restructuring Implementation Agreement which was entered into and announced on May 8th, 2020 has been declared effective. Norway’s 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 approximately 90. Since the third quarter of 2018, Solstad Offshore and its subsidiaries have worked with their creditors towards a consensual financial restructuring. Norwegian vessel owner Solstad Offshore has finalized negotiations regarding its financial restructuring and agreed on conditions for two Ocean Yield’s anchor handlers. Solstad said on Monday that it had agreed on financial restructuring of the company under a plan laid out in late March.
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Solstad offshore restructuring

Solstad Offshore : Restructuring outline. April 2, 2020. Solstad Offshore ASA (the “Company“) and its subsidiaries (“SOFF” or the “Group“) have since Q3 2018  2 Jun 2020 Strained offshore ship operator Solstad Offshore has secured Fredriksen and Kjell Inge Røkke, for a much-anticipated restructuring plan.

During the restructuring process, SOFF has had constructive discussions with all stakeholders. 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”).
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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 

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. 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 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. 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 (as 2 dagar sedan · Diamond Offshore completes restructuring, exits chapter 11. Grant Rowles April 27, 2021. Solstad Offshore sells another AHTS, Eidesvik Offshore offloads PSV. April 28, 2021.