Aban Offshore Limited - Bond amendment process
The challenging market conditions in the offshore drilling market has triggered the need for a financial restructuring of Aban, and as part of this process the company asked its bondholders for more time to find the best possible solution for all stakeholders. On 30 October 2020, the proposed amendments to the Bond agreement was approved, obtaining unanimous support from the bondholder meeting. Arctic is grateful for the vote of confidence and congratulate Aban with the successful amendment process. Furthermore, we wish the company and its stakeholders all the best in the challenging process ahead.
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