OSX 3 Leasing 13% bondholders vote to approve privatization of bonds

By Caroline Salls

Pittsburgh, May 23 – Holders of OSX 3 Leasing BV’s 13% senior secured callable bond issue 2012/2015 approved arrangements for the privatization of the bonds, according to a notice released Wednesday by bond trustee Nordic Trustee AS.

As previously reported, information about OSX 3 or the bonds will no longer be made publicly available.

The trustee said some information related to the ongoing marketing of OSX 3’s FPSO may be commercially sensitive and/or subject to confidentiality agreements.

The company plans to share information with the bondholders regarding the marketing process, the current status and operations of the FPSO and potential future opportunities for the FPSO.

Under the proposal approved by the bondholders, a password-protected datasite will be established to allow bondholders access to the information. Potential purchasers will also be granted access to the information if they sign confidentiality agreements.

OSX 3 Leasing is a subsidiary of OSX Brasil SA, a Rio de Janeiro-based oil and gas holding company.

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