Jacktel issues call for 7% bonds due 2019 at par after tender offer

By Susanna Moon

Chicago, Dec. 4 – Jacktel AS issued a redemption notice for its 7% senior secured callable bonds due 2019.

The redemption amount will be €902,071, with a redemption price of par plus accrued interest up to the settlement date of Jan. 21, according to a notice by Nordic Trustee AS.

The record date is Jan. 17.

As reported Nov. 21, the issuer accepted for purchase €133.4 million of the 7% notes in the tender that expired at 10 a.m. ET on Nov. 21.

The tender offer price was 101.4 plus accrued interest.

The offer was contingent on settlement of a new $150 million secured callable bond issue and a $100 million super senior bank facility provided by DNB Bank ASA.

Jacktel is a 100% subsidiary of Master Marine AS, parent company in the Master Marine Group, located in Oslo. The company, which was established in 2009, specializes in offshore accommodation and is the owner of the “Haven” jack-up accommodation unit.

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