Shareholders rubber-stamped the move on Tuesday after bondholders backed it last week, while bank lenders representing 89% of debt facilities totalling nearly $1.6 billion also gave it their support, the Oslo-listed company said in a statement.
Prosafe is seeking to cut amortisation payments on its bank loans from the first quarter of next year until the end of 2020 to boost liquidity by around $493 million to help it survive a market downturn that has hit utilisation of its flotel fleet, leading to lay-ups and scrappings.
The
