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Golden State Petroleum to redeem 8.04% first preferred mortgage notes
By Tali Rackner
Norfolk, Va., Nov. 21 – Golden State Petroleum Transport Corp. issued a notice of mandatory redemption for all of its 8.04% first preferred mortgage notes due 2019, according to a filing with the Securities and Exchange Commission.
The redemption date is Jan. 18 and the redemption will take place on Jan. 19.
The company is owned by Golden State Holdings I, Ltd., which is a subsidiary of Independent Tankers Corp., which in turn is controlled by Frontline Ltd., a Hamilton, Bermuda-based oil tanker shipping business.
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