Restructuring was successfully implemented through a pre-arranged Chapter 11 process in the US Bankruptcy Court
Restructuring significantly deleveraged Altera’s balance sheet by equitizing more than $1 billion in junior debt obligations and facilitated a long term, sustainable positive liquidity outlook
Raised $94mm in capital through an equity rights offering, which will be used to provide liquidity and repay certain credit facilities in full
Altera and Equinor signed a bareboat charter related to the Petrojarl Knarr FPSO, which will generate significant future cash flows
WESTHILL, United Kingdom, Jan. 09, 2023 (GLOBE NEWSWIRE) — Altera Infrastructure LP and certain of its subsidiaries…