11.12.2025
Solstad Maritime ASA: Successful amendment and extension of existing credit facilities
Skudeneshavn, 11 December 2025
Solstad Maritime AS, a subsidiary of Solstad Maritime ASA (“SOMA”), has today signed an amendment and restatement agreement with DNB Bank ASA as agent for a loan syndicate totaling USD 621 millions and revolving credit facility of NOK 600 million at 17th December 2025 (Effective Date).
Highlights from the amended facilities agreement:
- The term of the loan has been extended by 2 years, with maturity extended from January 2027 to January 2029. The lenders’ option to further extend the term of the loan by an additional 2 × 1 year is maintained.
- The amortization profile is adjusted to reflect a 7-year profile based on outstanding debt at the Effective Date, reducing annual scheduled installments from the current USD 131 million to USD 90 million.
- The interest margin subject to the Company’s leverage as measured through NIBD / LTM EBITDA (the “Leverage Ratio”) has been adjusted with the following margins for given thresholds: 370 bps for a Leverage Ratio exceeding 2.5x, 325bps for a Leverage Ratio between 2.5x and 2.0x, and 290bps for a Leverage Ratio below 2.0x.
“The improved terms and conditions for the amended facility agreement strengthens our financial position and visibility“ said Lars Peder Solstad, CEO of Solstad Maritime ASA
Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 90 75 94 89