Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 16 May 2017, 17:30 HKT/SGT
Share:
    

Source: Wintermar Offshore Marine Group
Wintermar Offshore (WINS) Group completes Loan Rescheduling with Key Lenders

JAKARTA, May 16, 2017 - (ACN Newswire) - The Directors of PT Wintermar Offshore Marine (WINS) are pleased to announce that a number of companies within the WINS group have completed loan rescheduling agreements with key lenders. Loan periods and Principal repayments have been amended to more closely align these debt service obligations with cash generated.

The Group considered this process necessary in view of the lower outlook on vessel utilization and charter rates following the sustained impact of lower oil prices globally and the reduction in spending by its major clients in the oil and gas extraction industry.

Amendments to outstanding bank debt of US$71.4 million have been agreed with the Group's major lenders, representing 93% of long term bank debt outstanding at 31 December 2016. A total of US$31.7 million of loan Principal due in 2017 and 2018 has been rescheduled to become due in 2018 to 2022. The agreements are subject to completion of certain matters by no later than 15 June 2017.


About Wintermar Offshore Marine Group

Wintermar Offshore Marine Group (WINS.JK), developed over 40 years with a track record of quality is both a source of pride and a responsibility that we are dedicated to upholding, sails a fleet of more than 70 Offshore Support Vessels ready for long term as well as spot charters, all operated by experienced Indonesian crew and tracked by satellite systems and monitored in real time by shore based Vessel Teams.

In 2011, Wintermar became the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, comprising ISO 9001:2008 (Quality), ISO14001:2004 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.

Contact:
Ms. Pek Swan Layanto
Investor Relations
PT Wintermar Offshore Marine Tbk
Tel +62 21 530 5201 Ext 401
Email: investor_relations@wintermar.com


May 16, 2017 17:30 HKT/SGT
Source: Wintermar Offshore Marine Group

Topic: Loans & Financing
Sectors: Marine/Offshore
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2017 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Wintermar Offshore Marine Group
Aug 1, 2017 08:55 HKT/SGT
Wintermar Offshore (WINS:JK) Reports 1H2017 Financial Results
July 31, 2017 14:00 HKT/SGT
Wintermar Offshore (WINS:JK) Reports 1H2017 Financial Results
May 18, 2017 16:00 HKT/SGT
Wintermar Offshore (WINS.JK) Shareholders approve Placement of Shares and new Board Directors
Apr 28, 2017 18:00 HKT/SGT
Wintermar Offshore (WINS.JK) Reports Q1 2017 Results
Mar 17, 2017 14:00 HKT/SGT
Wintermar Offshore (WINS.JK) FY2016 Operating Profit grows 68% to US$4.9million
Oct 28, 2016 18:00 HKT/SGT
Wintermar Offshore (ID:WINS) 9M2016 Operating Profit grows 197%
July 28, 2016 16:00 HKT/SGT
Wintermar Offshore (IDX:WINS) 1H2016 Gross Profit Grows 19% to US$10.5M
Apr 29, 2016 17:00 HKT/SGT
Wintermar Offshore Marine (IDX:WINS) Reports Q1 2016 Results
Mar 24, 2016 11:00 HKT/SGT
Wintermar Offshore Marine (IDX:WINS) Reports FY2015 Results
Oct 30, 2015 13:00 HKT/SGT
Wintermar Offshore Marine (IDX:WINS) Reports 9M/2015 Results
More news >>
 News Alerts
Copyright © 2017 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: