Farstad Shipping ASA – Restructuring update
Reference is made to the stock exchange communication of Farstad Shipping ASA (the "Company") of 6 February 2017 regarding the Company's agreed restructuring plan. The Company is pleased to announce that the credit committees of the senior lenders have approved the restructuring plan. Provided that the restructuring plan is approved by bondholder meetings and the general meeting to take place on March 2 and 3, respectively, the restructuring is expected to be completed by the end of March 2017. The contemplated combination of Solstad Offshore, Farstad Shipping and Deep Sea Supply will as