Restructuring Implementation Agreement - update
Reference is made to the stock exchange notice 8 May 2020 where Solstad Offshore ASA (the "Company") and its subsidiaries ("SOFF" or the "Group") informed that it had agreed a Restructuring Implementation Agreement (the "RIA") for a restructuring of the Group (the "Restructuring"). Reference is also made to the stock exchange notice earlier today in which it was advised that the bondholders in the Group have voted in favour of the Restructuring. The Company is pleased to announce that credit committee approvals have been provided by a vast majority of the secured lenders participating