Norway's Solstad Offshore is offering creditors an exit route from the company — at the cost of a big debt haircut.
The restructuring Oslo-listed offshore vessel owner has launched an offer to buy back liabilities totalling NOK 967m ($107m) for up to NOK 69m.
The offer is being made to bondholders and other creditors including John Fredriksen's sale and leaseback company SFL Corp and Sterna Finance.
