Solstad Offshore ASA (SLOFF) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Solstad Offshore ASA has reached agreements to settle a USD 197 million claim, significantly reducing its net debt by approximately NOK 1 billion. This resolution, involving a payment of USD 91.45 million to MYF Maximus Limited and additional payments to lenders, allows Solstad to regain control of Maximus Limited and enhance its financial flexibility. As a result, the company can now consider paying dividends, contingent on its financial performance.
For further insights into SLOFF stock, check out TipRanks’ Stock Analysis page.
