SeaBird Presents Debt Solution

SeaBird Exploration, a seismic data acquisition company, said it will propose to its bondholders and certain of its other creditors a debt restructuring of the SeaBird group.

Following the restructuring the debt in Seabird should be reduced by USD 22 million and lease obligations would be reduced by USD 10.4 million.

The remaining debt under the SBX04 bond loan and the Glander credit facility would be a total of USD 5 million and the remaining lease obligations would be USD 2.4 million.

Details of the restructuring have been disclosed on Oslo Stock Exchange.

Share this article

Follow Subsea World News

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Underwater Intervention 2018

UI 2018 will draw the industry’s leaders from across the country and around the globe to gather for 3 days of networking…

read more >

OFFSHORE DECOMMISSIONING CONFERENCE 2017

The conference will build upon previous sell-out events and will encompass numerous keynote sessions all focused on the latest decommissioning…

read more >

Subsea Connect Americas

Subsea Connect Americas is the annual gathering for the submarine communications industry operating in North, South & Central America…

read more >

Future Energy Asia Exhibition & Conference (FEA) 2018

The transformation and development of Thailand is a major priority for the government which creates incredible business opportunities…

read more >