Reference is made to the Boa OCV bond agreement, the Boa SBL bond agreement, the Boa Offshore Unsecured bond agreement as well as later amendments. Further reference to previous stock exchange notices with regard the legal claims in the dispute between Boa Offshore AS and Calexco S.a r.l. (including several of its affiliates) concerning Boa IMR AS, last on 27 January 2022.
Today, after several attempts to reach a settlement, a global settlement agreement is entered into between Boa Offshore AS, Boa Shipping AS, Boa IMR AS, Calexco S.a r.l. and Waltham ltd. The settlement is subject only to consent from a simple majority of the bondholders in each bond. Such confirmation to be obtained within 10 November 2023.
With consent from a simple majority of the bondholders in each bond, distribution of net proceeds of approximately NOK 80-85 million in total will be distributed in accordance with the distribution ratios set out in appendix 2 to the 2020 term sheet. Further notice and details with respect to payments to the bondholders will be given in due course.
For further information, please contact:
Albert Strand, Finance Director Boa Management AS: Tel +47 907 44 461