The Oslo-listed player has gained an extension of an existing standstill agreement inked in July until 10 November, from an earlier expiry date of 1 October.
This means all loan amortisations will be postponed until the revised date to give Farstad more time to firm up a refinancing pact in ongoing talks with lenders, investors and other stakeholders.
Farstad had interest-bearing debt of more than Nkr11.5
