Solstad Offshore financial restructuring moves closer with bondholder agreement

Norway’s Solstad Offshore, which initiated discussions with lenders to restructure its finances in October, says that bondholders have supported the suspension and deferment of payments of interest.

The suspension and deferral is conditional on principal and interest suspensions being agreed with the company’s lenders.

Solstad says the measure will allow the company time to finalise negotiations on its long-term financial position.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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