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Press Releases
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Thursday, November 24, 2011 |
Reference is made to previous announcements in respect of the proposed restructuring (the “Restructuring”) of Sevan Marine ASA (“Sevan Marine” or the “Company”). Consummation of the first parts of the Restructuring (“First Closing”) is currently scheduled to take place on November 30, 2011. Today, November 24, 2011, will be the last day of trading in the “FRN Sevan Marine Senior Secured Callable Bond Issue 2007/2013”, ISIN NO 001 036696.6, Oslo Børs Trading Symbol “SEVAN 04” (the “Piranema Bond Loan”, and the bonds constituted by such bond loan, the “Piranema Bonds”) with right to receive settlement pursuant to the terms of the Restructuring (provided that First Closing occurs on November 30, 2011.
No assurance can be given that First Closing will take place on November 30, 2011.
Sevan Marine ASA
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Forward-looking statements:
This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond Sevan Marine's control. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. |
