Brief: Prosafe Completes Financial Restructuring

Prosafe SE

17/12/2021 12:44

Dec 17 (Reuters) - Prosafe SE  PRSO.OL :
    * REG-PROSAFE SE: SUCCESSFUL FINANCIAL RESTRUCTURING
    * RESTRUCTURING HAS RESULTED IN IN A SIGNIFICANT
DE-LEVERAGING OF
BALANCE SHEET WITH CA. 75% DEBT REDUCTION
    * CONDITIONS FOR SCHEMES IN SINGAPORE FOR BECOMING
EFFECTIVELY
IMPLEMENTED HAVE BEEN MET, FOLLOWING WHICH TRANSACTION EFFECTIVE
DATE IN ACCORDANCE WITH SCHEMES HAS OCCURRED
    * REDUCTION IN ANNUAL DEBT SERVICE, CA. USD 60 MILLION IN
CASH PER
YEAR-END 2021 AND IN SUM A SIGNIFICANTLY IMPROVED BALANCE SHEET
AND IMPROVED FINANCIAL FLEXIBILITY

Source text for Eikon:  ID:nGNE8s4fPh 
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