As previously reported in DOF ASA’s (“DOF” or the “Company”) financial report for Q2 2019, the group experience that regular refinancing has been challenging.
DOF and its 65% subsidiary DOF Subsea AS (“DOF Subsea”) are on this basis in the process of finding a long-term refinancing solution, with a structure that is aligned with the current market environment. A long-term solution will involve all stakeholders, including shareholders, banks, and bondholders.
The DOF Group has an order backlog of NOK 20 billion per 30.06 2019.
DOF Subsea is currently making progress in its
Source: DOF ASA: REFINANCING UPDATE