Norway's Ocean Yield is to retain a holding in restructuring Solstad Offshore as part of the latter's $2bn refinancing deal.
The sale-and-leaseback specialist's chief financial officer, Eirik Eide, revealed on a conference call that Ocean Yield will receive about 3.8% of Solstad shares.
This is due to a restructuring of bareboat charters for two anchor handling tug supply ships owned by Ocean Yield.
