Restructuring implementation agreement - Update
Reference is made to the stock exchange notice May 29[th], 2020 where Solstad Offshore ASA ("SOFF") informed that credit committee approvals have been provided by a vast majority of the secured lenders participating in the restructuring of SOFF and its subsidiaries, and that remaining relevant secured lenders were expected to provide approvals within 5-10 days. 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