07:41 AM EDT, 09/08/2026 (MT Newswires) -- Akastor's (AKAST.OL) 66.7%-owned Akofs Offshore signed a $300 million reducing revolving credit facility agreement with DNB Bank (DNB.OL) and SpareBank 1 Sør-Norge (SB1NO.OL). The new four-year facility aims to refinance existing loan agreements for the Akofs Seafarer and Akofs Santos vessels, according to a Tuesday release. The oil-services investment company's affiliate will also use the loan to exercise its $57.7 million option to purchase the Aker Wayfarer from Ocean Yield ASA in the third quarter of 2027. The subsea equipment support vessel is currently chartered by Petróleo Brasileiro (PJXA.F) in Brazil.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.