Cecon Pride completes Sea-trials and mobilizes for delivery and departure for the Mediterranean

Cecon ASA, today announced that the Cecon Pride has successfully completed its sea-trials and is in the process of being handed over prior to departure for the Mediterranean, where she will commence a 10 month contract, the company said in its press release.
 
Also, Cecon, through its subsidiary Rever Offshore AS (“Rever”), has signed an agreement that extend the maturity of the senior tranche A and tranche B bonds funded by certain funds and accounts managed by York Capital Management Global Advisors, LLC or its affiliates (York) up to 31st August. The holder of the Tranche A Bonds and the Tranche B Bonds will receive an extension fee of USD 17.500 per day for the days of extension used. This ensures sufficient flexibility to complete the refinancing of the vessel post delivery.