Agreement reached with the Canadian lenders

Secunda Canada LP, a 100% owned company of Siem Offshore Inc., has entered into a settlement agreement with all 3 of its Canadian lenders, where all debt is eliminated by a 61% payment. The requirement under the Standstill Agreement signed on 26th May 2020 to obtain participation by the Canadian banks is hereby satisfied.
For further information, please contact:
Dagfinn B. Lie
Chief Financial Officer
Siem Offshore Inc.
Phone +47 901 99 051

Published 02-07-2020 in the Investor category