Brief: Norse Atlantic ASA Reports First Profitable Quarter, Updates On Financing, Announces Strategic Review

Norse Atlantic ASA

31/10/2023 22:32

Oct 31 (Reuters) - Norse Atlantic Asa  NORSE.OL :
    * : REPORTS FIRST PROFITABLE QUARTER, UPDATES ON FINANCING,
ANNOUNCES STRATEGIC REVIEW
    * Q3 REVENUE MORE THAN DOUBLED FROM PREVIOUS QUARTER TO USD
205
MILLION
    * CO FACED SOME HEADWINDS FROM INCREASED FUEL PRICES, AND A
WEAKER
THAN EXPECTED CARGO MARKET
    * DECIDED TO SEEK TO ENGAGE ADVISERS TO EXPLORE AND ADVISE
ON
STRATEGIC ALTERNATIVES.
    * EXPLORING ADDITIONAL FUNDRAISING OF UP TO USD 45 MILLION
TO
IMPROVE LIQUIDITY
    * NORSE ATLANTIC - ENGAGED WITH B T LARSEN & CO, SCORPIO
HOLDINGS
LIMITED, WHO HAVE BOTH EXPRESSED STRONG SUPPORT TO PARTICIPATE
IN FUNDRAISING
    * NORSE ATLANTIC - CO HAS BEEN APPROACHED BY & ENGAGED IN
DISCUSSIONS WITH SEVERAL INDUSTRIAL PLAYERS SEEKING TO EXPLORE
INDUSTRIAL OPPORTUNITIES

Source text for Eikon:  ID:nWkr162sqH 
Further company coverage:  NORSE.OL 

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