Hermitage Offshore Services Ltd. announced that it has agreed to a 10-day extension of its previously announced forbearance agreement dated July 8, 2020 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.