Arendal; 29. Agust 2014

Rever has secured a further flexible extension of the senior bond loans from 29th August to 15th September.

Cecon Pride, now renamed to Micoperi Pride, has left Canada for the Mediterranean and their first contract for Micoperi.


Cecon ASA ("Cecon"), through its subsidiary Rever Offshore AS ("Rever"), has signed an agreement that extend the maturity of the senior tranche A and tranche B bonds funded by certain funds and accounts managed by York Capital Management Global Advisors, LLC or its affiliates (York) up to 15th  September. The holder of the Tranche A Bonds and the Tranche B Bonds will receive an extension fee of USD 17.500 per day for the days of extension used.

The agreement with York secures flexibility with respect to closing of the refinancing of the construction financing, which is in its final phase.


For more information, please contact
Øyvind M. Jensrud 
CFO, Rever Offshore AS
+47 90836106

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