Ultra NB LLC, Ultra Master Ltd, Solus Opportunities Fund 5 LP and Sola Ltd managed by Solus Alternative Asset Management L.P. acquired an additional 4.98% stake in Team Tankers International Ltd. (OB:TEAM) for NOK 76.9 million on August 1, 2018. The funds acquired 10.25 million shares at a price of NOK 7.5 per share. Post-completion, the collective shareholding of these funds in Team Tankers will increased to 30.41%. Tom Higbie represented Solus as a Director on the Board of Team Tankers. Ultra NB LLC, Ultra Master Ltd, Solus Opportunities Fund 5 LP and Sola Ltd managed by Solus Alternative Asset Management L.P. completed the acquisition of an additional 4.98% stake in Team Tankers International Ltd. (OB:TEAM) on August 1, 2018.