DOF Group is making progress on its $2.2bn refinancing but is still seeking an extension to standstill agreements with bondholders and banks.
The Oslo-listed offshore support vessel owner is trying to finalise a long-term restructuring of its debt in weak markets exacerbated last year by Covid-19 restrictions and the low oil price.
A freeze on repayments had been agreed until 30 June, but the company is now seeking to extend this to 31 August, with an option to stretch this to 30 September if necessary.
