GC Rieber Shipping ASA has agreed certain amendments to its Subsea & Renewables credit facility with its lenders. The credit facility, originally from 2014, was refinanced in the first quarter 2018 to improve GC Rieber Shipping's financial runway in challenging market conditions. GC Rieber Shipping has strengthened its financial position significantly the last year. Thus, the agreed amendments will, in principle, restore the provisions of the original credit facility agreement and reverse material changes introduced throughout the restructuring period. Specifically, investment and dividend restrictions will be removed, and scheduled amortization with full installment will be restored. The credit facility has final maturity in December 2022. The amendments are subject to customary closing conditions.