M&A Activity • Sep 23, 2020
M&A Activity
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Completion of sale of ADS Stratus
23 September 2020
ADS Crude Carriers Plc (“ADSCC” or the “Company”) has today delivered the vessel ADS Stratus to her new owners following the sale which was previously announced on 9 September. Subsequently, the Company’s debt will be reduced by USD 9.9 million and as a result there will be no further amortization on the remaining vessel loans until maturity.
Contacts
Terje Bodin Larsen, CEO
+47 905 35 543
Ben Boiling, CFO
+47 912 40 945
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