Akastor’s DDW Offshore closes $31 million three-year refinancing loan

By Marisa Wong

Los Angeles, Sept. 26 – Akastor ASA’s wholly owned subsidiary, DDW Offshore AS, has completed a $31 million refinancing provided by EnTrust Global’s Blue Ocean Funds as lenders, according to a press release.

The new loan agreement matures in September 2026 and is guaranteed by Akastor.

The funds have been or will be used for the following purposes: settlement of an existing loan facility maturing in February 2024; settlement of the profit split arrangement for the two vessels Skandi Atlantic and Skandi Emerald that was agreed with the previous lenders; reactivation of “Skandi Peregrino,” which is currently in warm lay-up; and general corporate purposes.

Following these transactions, DDW Offshore holds full economic interest in its fleet of three anchor handling tug supply (AHTS) vessels, Skandi Atlantic, Skandi Emerald and Skandi Peregrino.

Akastor is a Fornebu, Norway-based oil-services investment company with a portfolio of industrial holdings and other investments.

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