Interoil gets OK to amend interest payment on callable bonds

By Taylor Fox

Chicago, July 30 – Interoil Exploration and Production ASA’s bondholders have approved amendments to its senior secured bond (ISIN: 0010729908), according to a news release.

As previously reported, Interoil proposed to settle the payment of 50% of the next three interest payments due and payable July 31, Jan. 31, 2021 and July 31, 2021 in kind by the issuance and delivery of new bonds with terms and conditions equal to the outstanding bonds.

Interoil is an Oslo-based exploration and production company.

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