Company update

Reference is made to the stock exchange announcement of 23 March 2020, in which Siem Offshore informed about the company's on-going discussions with its banks. The company has with effect from 31 March 2020 entered into an agreement with the group's secured lenders to provide time to secure a long-term financing solution for the Siem Offshore group. The terms of the agreement includes deferral and suspension of principal and interest and waiver of financial covenants until 15 May 2020.

Published 01-04-2020 in the Investor category