OSX 3 Leasing bondholders scheduled to get $50 million distribution

By Caroline Salls

Pittsburgh, Feb. 22 – OSX 3 Leasing BV’s bondholders will receive a $50 million distribution, according to a notice to bondholders released by bond trustee Nordic Trustee AS.

Holders of the company’s 13% senior secured callable bond issue 2012/2015 will receive $47 million of the distribution, representing 9.1047% of the $516.27 million of the bonds outstanding; holders of bonds numbered NO0010838196 will receive $1.54 million, representing 9.1507% of the $16.78 million of those bonds outstanding; and holders of bonds numbered NO0010838204 will receive $1.46 million, representing 8.7001% of the $16.78 million of bonds outstanding.

The settlement date for the distribution to bondholders as of Feb. 21 will be Feb. 25.

Nordic Trustee said it received funds from Dommo Energia SA following the implementation of a late-2018 late charter agreement and $5.72 million this month from OSX Leasing Group BV in connection with its guarantee of the bonds.

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

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