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Debt Financing / Related, Bankruptcy / Related

Hermitage Offshore Services Ltd. (HofsqOtc) Announces Results Of Chapter 11 Auction Bid Process For Sale Of Vessels

Published: 10/12/2020 21:03 GMT
(HOFSQ) - Hermitage Offshore Services Ltd.
(hofsq:otc) Announces Results of Chapter 11 Auction Bid Process for Sale of Vessels.
Hermitage Offshore Services Ltd - Co's Lenders Submitted Highest Bid of About $80 Million in Aggregate for Co's Ten Platform Supply Vessels.
Hermitage Offshore Services - Co's Eleven Crew Vessels to Be Sold to Unaffiliated Third Party That Submitted Successful Bid of About $5.3 Million in Cash.