Reference is made to the earlier information provided about the ongoing financial process with the lenders, in particular to the press release on 27 May 2021 in which we gave notice that the High Court of Singapore had granted a 5 month moratorium protection to Prosafe SE and Prosafe Rigs Pte. Ltd (“PRPL"), in applications HC/OS 422/2021 and HC/OS 425/2021, in terms of Section 64 of the Insolvency, Restructuring and Dissolution Act 2018 ("the moratorium protection").
As at 18 June 2021, the Company has received acknowledgment of credit approval (subject to certain conditions) in support of the Transaction from ca. 96% across the USD 1300 million facility and the USD 144 million facility with additional credit approvals expected by end-June 2021.
Following the grant of the moratorium protection, on 9 June 2021 petitions were presented to the Court of Session in Scotland seeking recognition, in Scotland, of the moratorium protection granted by the Singapore Court.
In the petitions (P439/21 and P440/21) the Court of Session has been asked inter alia to:
Without the necessity of a hearing, on 14 June 2021, the Court of Session ordered all parties claiming an interest in the petitions to lodge Answers, if so advised, with the Court of Session, Parliament House, Parliament Square, Edinburgh, EH1 1RQ, Scotland within 14 days of intimation, service and advertisement. All of which now has been done.
Prosafe SE and PRPL will make the appropriate announcements as and when there are any further material developments on the financial process and the matters above. Please monitor Prosafe SE’s website for any announcements or update on the process.
Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to www.prosafe.com
18 June 2021
For further information, please contact:
Jesper K. Andresen, CEO
Phone: +47 51 65 24 30 / +47 907 65 155
Stig Harry Christiansen, Deputy CEO and CFO
Phone: +47 51 64 25 17 / +47 478 07 813
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.