Norway's Solstad Offshore has succeeded in buying back a slice of debt from creditors at a huge discount.
The restructuring offshore support vessel owner this week conducted a reverse auction to repurchase up to NOK 967m ($107m) of liabilities.
Norwegian owner succeeds with bargain reverse auction of liabilities
Norway's Solstad Offshore has succeeded in buying back a slice of debt from creditors at a huge discount.
The restructuring offshore support vessel owner this week conducted a reverse auction to repurchase up to NOK 967m ($107m) of liabilities.