Nordic American Offshore hit by impairment
Nordic American Offshore’s fourth quarter loss of $169.3m reflected an impairment charge of $160.1m as the company goes through “difficult but necessary” adjustments, according to a statement from the company’s new chief executive and chairman Emanuele Lauro. Other adjustments include a renegotiated credit agreement and new financing still to come
A $160m impairment is one adjustment, a new capital structure and financing another
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