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Singapore’s Goliath Offshore plans PIK interest on 12%, 15% notes
By Susanna Moon
Chicago, Dec. 11 – Goliath Offshore Holdings Pte. Ltd. will pay in-kind the interest due Dec. 11 on its 12% senior secured callable bond issue 2015/2017.
The issuer also will pay in-kind interest due Dec. 11 on Goliath Holding Pte. Ltd.’s 15% super senior callable bond issue 2015/2017, according to a notice from bond trustee Nordic Trustee ASA.
Goliath also paid interest due March 11 in kind, as previously announced.
For the interest due Sept. 11, Goliath paid the amount in kind on the 12% notes while the issuer paid cash on the 15% notes.
Meanwhile, earlier this year on June 13, the issuer extended the maturity dates for the issues to June 11, 2020.
Goliath’s subsidiaries offer marine transportation services. The holding company is based in Singapore.
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