DDW Offshore AS (“DDW Offshore”) has entered into a binding agreement to sell “Skandi Peregrino” for USD 25 million, which today has become firm. The agreement is entered into on Saleform 2012 terms, suitably amended, and completion is conditional on charterer’s consent.
The agreement is expected to be completed in Q2 2025 whereby about USD 10 million of the purchase price will be used to repay a proportional portion of DDW Offshore’s debt. Remaining debt with DDW Offshore will be about USD 19 million.
Upon completion, DDW Offshore intends to distribute a substantial portion of the net proceeds of about USD 15 million as cash dividend to its shareholder Akastor AS.