Brief: Golden Energy Offshore Services Secures Senior Secured Bridge Loan

Golden Energy Offshore Services ASA

23/06/2022 08:42

June 23 (Reuters) - Golden Energy Offshore Services AS
 GEOS.OL :
    * HAS SECURED A SENIOR SECURED BRIDGE LOAN
    * BRIDGE LOAN ENEABLES CO TO MAKE DOWN PAYMENTS OF USD 2
MILLION
PER VESSEL TO BE MADE TO ROC BY 28 JUNE 2022
    * HAS FURTHER RECEIVED AND ACCEPTED UNCOMMITTED FINANCE
OFFER FROM
ALTERNATIVE CAPITAL PROVIDER
    * FINANCE OFFER INCLUDES, BUT IS NOT LIMITED TO, TRANCHE FOR
PAYMENT OF CO'S OBLIGATIONS TOWARDS ROC AND REPAYMENT OF BRIDGE
LOAN
    * FINANCE OFFER, IF UTILIZED IN FULL, AMOUNTS IN TOTAL TO
USD
45,000,000 WITH A FINAL MATURITY AFTER 5 YEARS
    * FINANCE OFFER ALSO INCLUDES AN ACCORDION OPTION IN AMOUNT
OF USD
35 MILLION
    * IS CONSIDERING ITS WORKING CAPITAL REQUIREMENTS AND MAY
RESOLVE
TO ISSUE EQUITY

Source text for Eikon:  ID:nObiR9jx0a 
Further company coverage:  GEOS.OL 

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