Prosafe Provides Update on Financial Restructuring

Source: www.gulfoilandgas.com 10/5/2021, Location: Europe

Peference is made to the earlier information provided about the ongoing financial process with the lenders, the latest in a press release dated 28 September 2021 in relation to the outcome of Scheme Meetings.

Please take notice that Prosafe SE and Prosafe Rigs Pte Ltd ("PRPL") have today filed separate applications (in HC/ OS 997/ 2021 and HC/ OS 998/ 2021) for the Singapore Court to approve the Schemes agreed at the Scheme Meetings of the Scheme Creditors held on 28 September 2021, pursuant to section 210 of the Singapore Companies Act (the "Sanction Applications").

Prosafe SE and PRPL will make the appropriate announcements as and when there are any further material developments on the financial process and the matters above. Please monitor Prosafe SE's website for any announcements or update on the process.


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