Solstad Offshore ASA (OSTO:SOFFO)
kr 41.12 -1.48 (-3.47%) Market Cap: 4.45 Bil Enterprise Value: 9.85 Bil PE Ratio: 0 PB Ratio: 2.65 GF Score: 55/100
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Q4 2023 Solstad Offshore ASA Earnings Call Transcript

Mar 01, 2024 / 08:00AM GMT
Release Date Price: kr36.5 (+0.88%)
Lars Solstad
Solstad Offshore ASA - CEO

Good morning, and welcome to this Q4 presentation of Solstad Offshore ASA. My name is Lars Peder Solstad, I'm CEO of Solstad Offshore. And I'm going to have this presentation together with the CFO, Kjetil Ramstad. As many of you know, it has been an eventful couple of months for us where we have refinanced the company at the attractive terms and where with the existing shareholders maintaining the ownership share.

I am convinced that this is the best available solution for the company, and this solution secures long-term financing at attractive terms. It protects present's shareholders, including the right to invest more. And it extends the majority of an unsecured claim that had to be solved in parallel with the maturity of the secure debt.

And as a shareholder, I'm very pleased with the refinancing, and I'm also very pleased with the fleet we have and our position in the global offshore energy markets. A general comment to this presentation is that the P&L reflect the company's structure as it was prior to the refinancing. While there are

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