Farstad Shipping ASA – Company update
Reference is made to the company update of 5 January 2017. As set out therein, Farstad Shipping ASA (the "Company") and a majority of its subsidiaries uphold their current suspension of service of financial debt in order to preserve liquidity. Accordingly, the loan outstanding under the bond issue with ISIN NO 001 0635964 will not be repaid at maturity in February 2017. In support of the continued restructuring efforts of the Company, the secured lenders of the Company and a majority of its subsidiaries have agreed to a standstill and deferral agreement pursuant to which all