Norwegian Car Carriers holders may put 10½% bonds at par until June 23

By Susanna Moon

Chicago, March 21 - Norwegian Car Carriers ASA announced a put option on its 10½% senior unsecured open bonds due 2015 after a change of control occurred under the note terms.

Holders may put the notes at par until June 23.

Car Carrier Investments AS has purchased 95.6% of the issuer's shares, triggering a change of control, according to a notice from bond trustee Norsk Tillitsmann ASA.

Norwegian Car Carriers, formerly Eidsiva Rederi ASA, is an Oslo-based shipping company that transports cars and other rolling cargoes.

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