Borealis Finance to redeem $188 million bonds due 2022 at 102.25

By Wendy Van Sickle

Columbus, Ohio, July 29 – Borealis Finance LLC called its $188 million senior secured callable bond issue 2017/2022 (ISIN: 0010810054) for redemption, according to a notice filed with the Oslo stock exchange.

The bonds will be redeemed on Aug. 13 at 102.25 plus interest for a total redemption price of $195,637,500.

The company owns a fleet of bulk and container vessels that operate in worldwide trade. Its headquarters are in the Marshall Islands.

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