Extension of Standstill agreement and restructuring outline with Solstad Offshore for the vessels Far Senator and Far Statesman
With reference to Ocean Yield ASA’s (“Ocean Yield”) press releases on 20 December 2018, 20 June 2019 and 31 October 2019, F-Shiplease AS, a fully owned subsidiary of Ocean Yield, has today agreed to extend the standstill period with Solstad Offshore ASA (“SOFF”) and its subsidiaries for the vessels Far Senator and Far Statesman up to and including 30 April 2020. A large majority of the stakeholders of SOFF, including secured lenders, leasing companies, industrial shareholders and key bondholders have established a common plan to finalize negotiations on the basis of a restructuring