FORNEBU, Norway, Sept. 26, 2023 /PRNewswire/ -- Akastor ASA's (OSE: AKAST), ("Akastor") wholly owned subsidiary DDW Offshore AS ("DDW Offshore") has completed a USD 31 million refinancing provided by EnTrust Global's Blue Ocean Funds as lenders. The new loan agreement matures in September 2026 and is guaranteed by Akastor. The funds have been or will be used for the following purposes:
i. settlement of the existing loan facility maturing in February 2024 ii. settlement of the profit split arrangement for the two vessels Skandi Atlantic and Skandi Emerald that was agreed with the previous lenders (see press release 27 August 2020 for further details) iii. reactivation of "Skandi Peregrino", which is currently in warm lay-up, and; iv. general corporate purposes.
Following these transactions, DDW Offshore holds full economic interest in its fleet of three Anchor Handling Tug Supply (AHTS) vessels (Skandi Atlantic, Skandi Emerald and Skandi Peregrino).
Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.
DDW Offshore owns three modern Anchor Handling Tug Supply (AHTS) vessels (Skandi Atlantic, Skandi Emerald and Skandi Peregrino) with capability to operate and support clients on a world-wide basis. The vessels are specially designed to perform anchor-handling, towing, and supply services at offshore oil and gas fields. On 24 July 2023, DDW Offshore completed the sale of Skandi Saigon and Skandi Pacific to OceanPact Servicos Maritimos S.A.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
View original content:https://www.prnewswire.com/news-releases/akastor-asa-ddw-offshore-completes-usd-31-million-refinancing-301938405.html
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
