Brief: Oceanteam: Deferral of interest payment on Senior unsecured Bond
24/10/2016 06:42
Oct 24(Reuters) - Oceanteam ASA OTS.OL :
* Said on Sunday would personally inform its bondholders as from Oct. 24 that it would not
meet its interest payments on Senior unsecured Bond due that same date
* Said deferral of interest payments is immediate result of short term cash position that
had been depleted by reduced rates and costs related to recent extensions of vessel contracts
* Said is reviewing all alternatives available given current market conditions
Source text for Eikon: urn:newsml:reuters.com:*:nGNE2NKrpm
Further company coverage: OTS.OL
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