Norwegian offshore vessel owner Solstad Offshore (SOFF) needs more time to complete its restructuring and has therefore agreed an extension of suspension and deferrals of payments under its financing agreements.
Late last year Solstad started discussions with its financial creditors and other stakeholders to improve the overall liquidity situation of the group and to create a robust long-term platform for the company.
In December 2018, certain of the SOFF-group companies and their secured financial creditors agreed to suspend and defer payments of principal and interest under the companies’ loan agreements until June 20, 2019.
Brazil Energy Insight 
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