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Rem Offshore, lenders postpone all amortizations until September
By Sheri Kasprzak
New York, Aug. 1 – Rem Offshore ASA and the majority of its secured lenders entered into a standstill and deferral agreement to postpone all amortizations of the company and its subsidiaries, according to a statement from Rem.
The amortizations due, including those from July 1, will be postponed until Sept. 12.
The company intends to continue its operations as usual, subject to restrictions to ensure the interest of its lenders, the announcement said.
Rem Offshore is a fishing and supply shipping company in Fosnavaag, Norway.
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