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DOFo - Dof ASA News Story

NOK0.762 0.0  0.0%

Last Trade - 07/01/21

Sector
Energy
Size
Micro Cap
Market Cap £16.1m
Enterprise Value £1.48bn
Revenue £533.9m
Position in Universe th / 1831

BRIEF-DOF And DOF Subsea Announce Extension Of Standstill Agreements With Secured Lenders

Thu 1st October, 2020 7:58am
Oct 1 (Reuters) - Dof ASA  DOF.OL :
    * DOF ASA AND DOF SUBSEA AS: EXTENSION OF STANDSTILL
AGREEMENTS
WITH SECURED
    * PAYMENTS OF PRINCIPAL AND INTEREST TO SECURED LENDERS,
EXCEPT
FOR SERVICING OF NOK 100 MILLION CREDIT FACILITY ARE SUSPENDED
UNTIL 31 JAN 2021
    * CURRENT STAND-STILL FROM BNDES TO NORSKAN OFFSHORE LTDA.
WILL
EXPIRE ON 31 DECEMBER 2020
    * MNOK 100 CREDIT FACILITY, WHICH ORIGINALLY EXPIRED ON 30
JUNE
2020, HAS ALSO BEEN EXTENDED
    * CONTINUATION OF STAND-STILL WILL REQUIRE STAND-STILL FROM
BNDES
FROM 31 DEC 2020 TO 31 JAN 2021 OR ACCEPTANCE TO SERVICING OF
DEBT TO BNDES
    * MNOK 100 CREDIT FACILITY REFERRED TO ABOVE, WHICH
ORIGINALLY
EXPIRED ON 30 JUNE 2020, HAS ALSO BEEN EXTENDED.
    * DOF ASA AND DOF SUBSEA AS WILL CONTINUE TO IMPOSE AN
UNILATERAL
STAND STILL ON PAYMENT OF PRINCIPAL AND INTEREST TO SUCH SECURED
LENDERS

Source text for Eikon:  ID:nObiFKjCPa 
Further company coverage:  DOF.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))
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