Hermitage Offshore Services Ltd. Announces Third Quarter Earnings Release date of November 14, 2019 and Extension of Deadline with DVB Bank SE
Hermitage Offshore Services Ltd. Ordinary Shares (Bermuda) (PSV)
Company Research
Source: GlobeNewswire
HAMILTON, Bermuda, Nov. 11, 2019 (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (the “Company”) announced today that it plans to issue its third quarter of 2019 earnings in the morning (Eastern Standard Time) on Thursday, November 14, 2019. Additionally, the Company has reached an agreement with DVB Bank SE Nordic Branch (“DVB”) to extend the deadline under the DVB Supplemental Agreement (described below) to unwind the sale of the Company’s two anchor handling tug supply vessels (“AHTS vessels”) from October 31, 2019 to November 22, 2019 subject to certain terms and conditions contained in the DVB Supplemental Agreement, and expects to be able to further extend the deadline until November 30, 2019. As part of the April 2019 transaction to acquire the two AHTS vessels, the Company assumed the aggregate outstanding indebtedness under a term loan facility with DVB relating to two of the acquired vessels of $9.0 million. This credit facility was supplemented on April 10, 2019 (
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