$PSV PSV's Vessels, net worth is 175.605 million per last balance sheet. Now lenders secured the debt by using the vessels as collateral by paying PSV only 80 million via a credit bid. It is like having a lien against your property. So PSV neither owe money nor own the vessels. The creditors will get their money when the vessels are either sold or company buy back the vessels if they have enough money in the future. This is my understanding of the press release. Please check the link below for the last balance sheet. globenewswire.com/news-rele...
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