Solstad to buy back debt of nearly NOK 1bn

Shipping company Solstad Offshore plans to buy back a near billion-kroner debt. The carrier agreed with lenders on a rescue plan in spring.

BY SØREN PICO, SHIPPINGWATCH

Norwegian offshore shipping line Solstad, which during the spring of this year secured a much-needed rescue plan with its creditors, intends to buy back some of its large debt.

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Solstad wins contract with Ørsted
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Solstad impairs its fleet value by almost NOK 1 billion
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