Brief: Siem Offshore Enters Into Agreement To Provide Time To Secure Long-Term Financing Solution

Sea1 Offshore

01/04/2020 07:18

April 1 (Reuters) - Siem Offshore Inc  SIOFF.OL :
    * HAS WITH EFFECT FROM 31 MARCH 2020 ENTERED INTO AN
AGREEMENT
WITH GROUP'S SECURED LENDERS TO PROVIDE TIME TO SECURE A
LONG-TERM FINANCING SOLUTION FOR SIEM OFFSHORE GROUP
    * TERMS OF AGREEMENT INCLUDES DEFERRAL AND SUSPENSION OF
PRINCIPAL
AND INTEREST AND WAIVER OF FINANCIAL COVENANTS UNTIL 15 MAY 2020

Source text for Eikon:  ID:nObiz3cxKa 
Further company coverage:  SIOFF.OL 

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