July 31, 2017 7:00 AM

The conditions precedent to the implementation of the debt rescheduling agreement announced in March 2017 have been fulfilled. BOURBON thus confirms the successful finalization of its debt rescheduling.

This agreement is a solid foundation for the success of the “Stronger for longer” action plan, which namely aims at preserving and strengthening the company’s cash flow in order to emerge stronger from the current down cycle of the Offshore marine services market.