Brief: Viking Supply Ships updates on financial situation

Viking Supply Ships AB

04/10/2017 08:24

Oct 4 (Reuters) - VIKING SUPPLY SHIPS AB  VSSABb.ST  
    * RIGHTS ISSUE OF APPROXIMATELY SEK 120 MILLION WILL HAVE 
REQUISITE VOTING SUPPORT AT EGM AND IS FULLY GUARANTEED 
    * WHEN RIGHTS ISSUE IS COMPLETED AT BEGINNING OF DECEMBER, 
COMPANY ESTIMATES TO HAVE SUFFICIENT WORKING CAPITAL FOR ABOUT 
24 MONTHS 
    * SAYS SUBSIDIARY IS STILL NEGOTIATING WITH ITS MAIN 
LENDERS REGARDING A LONG TERM FINANCING SOLUTION 
    * EXPECTS TO ENTER A LONG TERM FINANCING SOLUTION WITH ITS 
MAIN LENDERS WITHIN END OF Q4 
 
Source text for Eikon:  ID:nWkr15pnD0  
Further company coverage:  VSSABb.ST  
 
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