Solstad Farstad is finally ready to make good on $48m owed to creditors of its Solship Invest 3 (SI-3) segment, which includes the former Deep Sea Supply.
The Oslo-listed offshore vessel owner says the conditions for Solship's finnacial restructuring have been "satisfied" and its financial reorganisation is now complete.
This brings to close a five-month saga during which Solship stalled debt payments seven times, including a July announcement to defer final payouts through end of next year.
