Siem Offshore reports progress in restructuring discussions

Kristiansand, Norway, headquartered Siem Offshore Inc. says it has made “good progress” in its restructuring discussions with ita secured lenders in Europe and leading bondholders, but cautions that the plan is also dependent on support from its Brazilian banks. The restructuring plan involves conversion of debt to equity and a reduction of...

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BNDES Brazil Kristiansand Norway Siem Offshore Siem Offshore Inc