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Prospect News home > News index > List of issuers V > Headlines for Volstad Subsea AS > News item
Published on 7/7/2017 in the Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Volstad Subsea fails to repay 2013/2016 bond issue on maturity date

By Caroline Salls

Pittsburgh, July 7 – Volstad Subsea AS failed to repay its senior secured bond issue 2013/2016 on the July 5 maturity date, according to a notice from bond trustee Nordic Trustee ASA.

As a result, the trustee has declared the bonds in default and due for immediate payment.

Volstad is an Alesund, Norway-based company that owns and manages offshore vessels.


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