California Petroleum gives redemption notice for 8.52% mortgage notes

By Jennifer Chiou

New York, Sept. 29 – California Petroleum Transport Corp. issued a full optional redemption notice for its 8.52% first preferred mortgage notes due 2015, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed at par plus accrued interest to Oct. 1, the redemption date.

The company said it will also pay a make-whole premium.

The trustee is the Bank of New York Mellon Trust Co., NA (800 254-2826 or corporate.bond.research@bnymellon.com).

With headquarters in New York, California Petroleum is a special-purpose corporation organized solely for the purpose of issuing term mortgage notes and serial mortgage notes on behalf of various owners, including CalPetro Tankers (Bahamas I) Ltd., CalPetro Tankers (Bahamas II) Ltd. and CalPetro Tankers (Bahamas III) Ltd.

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