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An announcement from Prosafe ( (GB:0J5Y) ) is now available.
Prosafe has announced a recapitalization agreement with lenders for its USD 250 million and USD 93 million loan facilities, supported by 54% of its shareholders. The transaction aims to equitize USD 193 million of existing facilities for 90% of post-transaction shares, while providing a sustainable capital structure and liquidity to meet future needs, ensuring Prosafe’s continued leadership in floating accommodation vessels and Units for Maintenance and Safety.
More about Prosafe
Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.
Technical Sentiment Signal: Strong Buy
Current Market Cap: NOK130.4M
For an in-depth examination of 0J5Y stock, go to TipRanks’ Stock Analysis page.