Solstad Offshore Completes Refinancing and Reports Strong Quarter

Solstad Offshore ASA (SLOFF) has released an update.

Solstad Offshore ASA has successfully completed a MNOK 750 share issue and refinanced the vessel Normand Superior, extending its financing to May 2028. The company also reported a strong second quarter with a 97% vessel utilization rate and a significant order intake of BNOK 2.6. Additionally, Solstad Maritime demonstrated robust performance with an 82% utilization rate and plans to initiate quarterly dividend payments in the third quarter of 2024.

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