Brief: Viking Supply Ships announces restructuring agreement

Viking Supply Ships AB

29/08/2016 17:40

Aug 30 (Reuters) - Viking Supply Ships AB  VSSABb.ST : 
    * Said on Monday it reached agreement with committee representing majority of outstanding 
bonds 
    * Said agreement is to provide company with stable financial platform till 2020 
    * Terms of agreement include, among others, extension of VSS A/S' bank facilities of $215 
million until March 31, 2020 and restructuring of certain charter party arrangements  
    * Under terms of agreement interest-bearing debt in VSS AB is reduced by about $50 million, 
of which reduction in VSS A/S accounts for about $43 million 
    * Under terms of agreement VSS AB will complete equity issue of minimum $25.2 million, of 
which majority shareholder Kistefos AS will subscribe it's pro-rata share 
 
 Source text for Eikon:  ID:nObi2MJ1La  
     
Further company coverage:  VSSABb.ST  
 
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