Brief: Solstad Offshore Unit Enters Into Term Sheet For Long Term Bareboat Agreement For "Normand Maximus" With AMSC

Amsc ASA

12/05/2022 15:55

May 12 (Reuters) - Solstad Offshore ASA  SOFF.OL :
    * SUBSIDIARY OF SOFF HAS ENTERED INTO A TERM SHEET FOR AN
AMENDED
LONG TERM BAREBOAT AGREEMENT FOR "NORMAND MAXIMUS" WITH AMSC
INCLUDING A PURCHASE OPTION FOR VESSEL
    * SOFF'S RESIDUAL EXPOSURE AS GUARANTOR UNDER CURRENT
BAREBOAT
CHARTER OF "NORMAND MAXIMUS" WILL BE REDEFINED FROM SHORT TO A
LONG-TERM LIABILITY WITH MATURITY IN MARCH 2024

Source text for Eikon:  ID:nWkr2R3rnV 
Further company coverage:  SOFF.OL 

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