BW Offshore: Update on financing arrangements

Financing Arrangements - BW Offshore Limited is optimizing its financing structure by engaging with certain bondholders to align financial covenants of its outstanding bond BWO06 with other senior debt facilities [1] - The company has decided not to proceed with the proposed amendments to BWO06 based on feedback received from bondholders [1] Company Overview - BW Offshore specializes in innovative floating production solutions and operates a fleet of Floating Production Storage and Offloading (FPSO) units [2] - The company has a strong ambition for growth, leveraging four decades of offshore operations and project execution to create tailored offshore energy solutions for evolving global markets [2] - BW Offshore employs approximately 900 individuals and is publicly listed on the Oslo stock exchange [2]