Leading international law firm Clifford Chance has advised Prosafe SE, the world s premier owner and operator of marine vessels listed in Oslo, on the successful restructuring of its US$1.6 billion facilities and a NOK 2.5 billion bond debt (US$278 million). Under the restructuring, Prosafe will swap US$1.1 billion of debt for 99% of Prosafe SE’s equity, reinstate US$250 million of a US$1 billion credit facility and US$93 million of a smaller facility. All other remaining debt maturities are set to be extended to December 2025.
Clifford Chance LLP (via Public) / Clifford Chance advises Prosafe on financial restructuring publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
Final step of the financial restructuring to be completed shortlyReference is made to earlier information provided regarding the financial restructuring process of Prosafe SE and Prosafe Rigs Pte. Ltd.
Prospectus published Reference is made to earlier information provided regarding the financial restructuring process of Prosafe SE and Prosafe Rigs Pte. Ltd. ("PRPL"). In preparation for the