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2014-05-01

CECON ASA : Rever Offshore has secured extension of senior bond loan maturing on 1 May 2014.

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 York Capital Management Global Advisors, LLC and its affiliates (York) up to 15 May, and agreed further extension to 15th June if necessary. The agreement with York aligns repayment of the construction financing with the planned delivery of the first vessel Cecon Pride from the yard in Canada to commencement on contract in Italy.
For more information, please contact
Øyvind M. Jensrud

CFO, Rever Offshore AS
+47 90836106

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: CECON ASA via Globenewswire

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