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Oceanteam ASA’s Vessel Owning Companies agree with Financiers on Amendment of Facility Agreement

Aug 05 2020
Oceanteam ASA’s Vessel Owning Companies agree with Financiers on Amendment of Facility Agreement (the “Facility Agreement”) for the Bourbon Oceanteam 101 and Southern Ocean (the “Vessels”)
Oceanteam and its joint venture partner Bourbon have agreed with the financiers of the jointly owned Vessels to defer the Q1, Q2 and Q3 instalments for 2020 under the Vessels’ Facility Agreement until its expiry in 2022 to allow for flexibility to perform planned capex activities on both Vessels this summer and to cater for the reduced utilisation of the Vessels.
 

About Oceanteam ASA
 
The Company is comprised of two operating segments, Oceanteam Shipping and Oceanteam Solutions. Oceanteam Shipping owns, charters and manages deep-water offshore support vessels. Oceanteam Solutions' focus is to provide its clients with complete offshore solutions. Oceanteam ASA has been active in the industry as an offshore solutions provider for over fourteen years.
 
For further information about Oceanteam ASA please visit www.oceanteam.no or contact:
 
Henk van den IJssel, CEO, e-mail: henkij@oceanteam.nl
Telephone +31 20 535 75 70
 
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.