Oslo-listed floatel owner Prosafe is eyeing a debt for equity swap as part of its financial restructuring.
The company said it remains in constructive dialogue with key stakeholders to boost its situation.
It is evaluating, together with advisors, different options to secure a “robust solution and sufficient runway...throughout 2020, which may include a deleveraging of the balance sheet.”
Prosafe is aiming for a “balanced solution” involving new capital, amortisation relief and covenant easing from lenders, plus the conversion of bonds into shares.
It
