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The subsidiary of Solstad Farstad, Solship Invest 3 AS, has an agreement with its lenders. The subsidiary suffered liquidity problems.
The unanimous agreement in negotiations since April has been confirmed in an announcement on Friday afternoon, writes Sysla.
Solship Invest 3 AS owns the Deep Sea Supply Company, one of four shipping companies merging to become Solstad Farstad in 2017. The shipping company is restructuring the debt of the merged part of Deep Sea Supply.
The agreement implies that $ 48 billion that Solship Invest 3 has to pay to creditors is deferred until December 31, 2019. Simultaneously, Solship Invest 3 receives a loan of $ 27 million.
(© NTB)
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