Atlantic Sapphire increases bridge loan by USD 1.5 million under restructuring deal

Reuters2026/08/24 13:31

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Atlantic Sapphire expanded its Bridge Loan with a new USD 1.5 million Tranche D to bolster near-term liquidity.
Tranche D can be increased by up to USD 1.5 million within 10 business days, subject to lender discretion.
Tranche D carries 20% p.a. PIK interest, no origination fee, matures June 30, 2027.
All other Bridge Loan tranches had their maturity extended to Oct. 31, 2026.
Initial Tranches totaling USD 12.03 million were transferred to Coral HoldCo; conversion into equity at NOK 0.10 per share is planned.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Atlantic Sapphire ASA published the original content used to generate this news brief on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Atlantic Sapphire increases bridge loan by USD 1.5 million under restructuring deal

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