Floatel International Ltd: Update regarding standstill extension and discussions with secured financial creditors

Bermuda, 16-August-2020

The Company remains in constructive negotiations with its key stakeholders, including all lenders under the credit facilities and an ad hoc committee of holders of 1 L Bonds (the “AHC”). The Forbearance Agreement with the AHC has now been extended until 31 August 2020.

The Group’s vessels and business continue to operate as normal.

See attached press release for further details.

For further information, please contact:
Peter Jacobsson, CEO, Floatel International AB – Tel: + 46 31 352 07 00;
Mob: +46 76 856 36 18
Tomas Hjelmstierna, CFO, Floatel International AB – Tel: + 46 31 352 07 00;
Mob: +46 70 261 09 01