Hermitage Offshore Services Ltd

Nordic American Offshore is the Company completed its underwritten public offering on the New York Stock Exchange or NYSE. Our common shares are listed for trading on the NYSE, under the ticker PSV.

HAMILTON, Bermuda, Oct. 23, 2020 (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (HOFSQ:OTC) (“Hermitage Offshore,” or the “Company”) announced today its decision to withdraw its appeal of the New York Stock Exchange's (the “NYSE”) determination to de-list the Company's common shares. Trading of the Company's common shares on the NYSE was suspended on September 23, 2020 pending the appeal of the de-listing determination. The Company's common shares currently trade on the OTC Pink marketplace operated by the OTC Markets Group Inc.

Hermitage Offshore Services Ltd. (HOFSQ:OTC) Announces Withdrawal of Appeal of NYSE Delisting Procedures

HAMILTON, Bermuda, Oct. 12, 2020 (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (HOFSQ:OTC) (“Hermitage Offshore,” or the “Company”) announces the selection of the successful bids for the Company’s vessels pursuant to the bankruptcy procedures under Chapter 11 of the U.S. Bankruptcy Code.

Hermitage Offshore Services Ltd. (HOFSQ:OTC) Announces Results of Chapter 11 Auction Bid Process for Sale of Vessels

HAMILTON, Bermuda, Sept.  23, 2020  (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (“Hermitage Offshore,” or the “Company”) announced today that it has received notification from the New York Stock Exchange (“NYSE”) that the Company’s common stock has been suspended from trading on the NYSE as it has fallen below the NYSE’s continued listing standard requiring listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15,000,000. The suspension of trading does not affect the Company’s appeal rights with respect to the NYSE’s previously announced determination to commence delisting procedures with respect to the Company’s common stock. The hearing to review the delisting determination is scheduled to take place on December 17, 2020.

Hermitage Offshore Services Ltd. Announces Suspension of Trading from the NYSE and OTC Listing

HAMILTON, Bermuda, Aug.  27, 2020  (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (NYSE:PSV) (“Hermitage Offshore,” or the “Company”) announced today that it has submitted a request to appeal the delisting determination of the New York Stock Exchange (“NYSE”). As previously disclosed on the Company’s report on Form 6-K filed on August 12, 2020, the NYSE determined to initiate delisting procedures for the Company’s common shares following the Company’s voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code.

Hermitage Offshore Services Ltd. (NYSE:PSV) Announces Appeal of NYSE Delisting Determination

HAMILTON, Bermuda, Aug.  11, 2020  (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. and 28 of its subsidiaries including all its vessel-owning subsidiaries (collectively, the “Company”) announced today that they have filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.

Hermitage Offshore Services Ltd. (NYSE:PSV)  and 28 subsidiaries file voluntary Chapter 11 petitions amid global oil slump and coronavirus pandemic

HAMILTON, Bermuda, Aug.  11, 2020  (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (NYSE:PSV) (“Hermitage Offshore,” or the “Company”) announced today that it has sold its two anchor handling tug supply vessels (the “Transaction”).  The Transaction was consummated when one of the Company’s direct wholly owned subsidiaries (the “Seller”) sold the Seller’s two special purpose companies (together the “Owners”), each of which owned  an  anchor handling tug supply vessel, to an unrelated third party (the “Buyer”). 

Hermitage Offshore Services Ltd. (NYSE:PSV) Announces Sale of Two Anchor Handling Tug Supply Vessels

HAMILTON, Bermuda, Aug.  03, 2020  (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (NYSE:PSV) (“Hermitage Offshore,” or the “Company”) announced today that it has agreed to a 10-day extension of its previously announced forbearance agreement dated July 8, 2020 (the “Forbearance Agreement”) to its $132.9 Million Term Loan Facility dated January 14, 2020 (the “Term Loan Facility”) with DNB Bank ASA and Skandinaviska Enskilda Banken AB (publ) (together, the “Lenders”) and DNB Bank ASA, as agent and security agent.  While the extension of the Forbearance Agreement does not address the long-term liquidity and restructuring needs of the Company, pursuant to the terms of the extended Forbearance Agreement, the Lenders have agreed to forbear from exercising any of their rights and remedies under the Term Loan Facility and any other finance agreements related to the Term Loan Facility in the event of a default by the Company until August 10, 2020. 

Hermitage Offshore Services Ltd. (NYSE:PSV) Announces 10-Day Extension of Forbearance Agreement with the Lenders to its $132.9 Million Term Loan Facility

HAMILTON, Bermuda, July  09, 2020  (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (NYSE:PSV) (“Hermitage Offshore,” or the “Company”) announced today that it has executed a forbearance agreement (the “Forbearance Agreement”) to its $132.9 Million Term Loan Facility dated January 14, 2020 (the “Term Loan Facility”) with DNB Bank ASA and Skandinaviska Enskilda Banken AB (publ) (together, the “Lenders”) and DNB Bank ASA, as agent and security agent.  While the Forbearance Agreement does not address the long-term liquidity and restructuring needs of the Company, pursuant to the terms of the Forbearance Agreement, the Lenders have agreed to forbear from exercising any of their rights and remedies under the Term Loan Facility and any other finance agreements related to the Term Loan Facility in the event of a default by the Company until July 31, 2020. 

Hermitage Offshore Services Ltd. (NYSE:PSV) Announces Forbearance Agreement with the Lenders to its $132.9 Million Term Loan Facility

Hermitage Offshore Services - Sell The Rally As Debt Restructuring Might Be Ahead

HAMILTON, Bermuda, June  04, 2020  (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd., ("Hermitage Offshore" or the "Company") announces its financial results for the three months ended March 31, 2020.

Hermitage Offshore Services Ltd. Announces Financial Results for the First Quarter of 2020

HAMILTON, Bermuda, April  30, 2020  (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (NYSE:PSV) (“Hermitage Offshore,” or the “Company”) announced today that its Annual Report on Form 20-F for the year ended December 31, 2019 has been filed with the Securities and Exchange Commission and will be available on the Company’s website www.hermitage-offshore.com in the Investor Relations section under Annual Reports.

Hermitage Offshore Services Ltd. (NYSE:PSV) Announces Availability of 2019 Annual Report on Form 20-F

HAMILTON, Bermuda, April  30, 2020  (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (the “Company”) announced today that it has commenced mailing materials to its shareholders for the 2020 Annual General Meeting (the “Annual Meeting”), scheduled to be held on June 9, 2020. The Company has been advised by the service provider engaged for mailing the Annual Meeting materials that, due to limitations relating to the COVID-19 pandemic, the mailing of full sets of proxy materials to shareholders who have elected to receive hard copies of such materials is delayed but will be completed as soon as possible prior to the Annual Meeting.

Hermitage Offshore Services Ltd. (NYSE:PSV) Announces Availability of Proxy Materials for Annual General Meeting of Shareholders

HAMILTON, Bermuda, April  10, 2020  (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (the “Company”) announced today that on March 12, 2020 it received notice from the New York Stock Exchange (the “NYSE”) that the Company is no longer in compliance with the NYSE’s continued listing standards because the average closing price of the Company’s common shares has fallen below $1.00 per share over a consecutive 30 trading-day period.

Hermitage Offshore Services Ltd. (NYSE:PSV) Receives Continued Listing Notice from NYSE

HAMILTON, Bermuda, Dec.  20, 2019  (GLOBE NEWSWIRE) -- Hermitage Offshore Services Ltd. (the “Company”) announced today that it has sold an aggregate of 3,143,709 additional common shares under its previously announced equity line of credit for $1.11334 per share and aggregate net proceeds of $3.5 million.  The net proceeds of this issuance are expected to be used for general corporate purposes.  

News for Hermitage Offshore Services Ltd Stock (PSV)