Feb 03, 2025 / 09:00AM GMT
Terje Askvig - Prosafe SE - Chief Executive Officer
Welcome to Q4 2024 results for Prosafe. The last quarter was quite an eventful quarter for us on operation. I would say that we had a good quarter. All the four vessels that are in operations had 100% utilization, and we managed to extend the contract for Zephyrus for another two years. As we said in the previous quarter, we expected that, but now we actually have ink on the paper.
For financials, Reese will come back to that later, but we are working on the refinancing of the company. And as previously said, we are looking to refinance a total of $400 million, and we have good dialogue with all stakeholders, including our lenders on that. So we are working on that, and we expect to have that completed within the first half. But I think that we have good progress on the refinancing as such.
Market-wise, I'll come back to Brazil actually, because there's a lot of activity there. So that's quite positive. So our thesis on Brazil is coming through. So we are optimistic on that. And also, I'll talk a little bit about what happens in the
Q4 2024 Prosafe SE Earnings Call Transcript
Feb 03, 2025
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