Farstad Shipping ASA – Company update
As communicated to the market, Farstad Shipping ASA ("Farstad") has for a period of time negotiated with its key creditors to obtain a financial restructuring of the Farstad Shipping group supported by Siem Oil Service Invest, Limited ("SOSI"). Farstad and SOSI have however not succeeded in finding a solution for the restructuring which is acceptable to all affected creditors. Therefore, the term sheet between Farstad and SOSI has terminated, and Farstad will pursue other alternatives for its financial restructuring in continued cooperation with its key financial creditors. With a view