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ADS Maritime Holding M&A Activity 2020

Sep 23, 2020

8170_iss_2020-09-23_b0adfb30-d6c5-4fea-be2d-e8835c34c39d.html

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

[email protected]

Ben Boiling, CFO

+47 912 40 945

[email protected]