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Ultrapetrol wraps tenders for $80 million 7.25% convertibles due 2017
By Susanna Moon
Chicago, Jan. 23 - Ultrapetrol (Bahamas) Ltd. said investors tendered its $80 million of outstanding 7.25% convertible senior notes due 2017 in the offer that expired at 5 p.m. ET on Jan. 22.
The company repurchased the notes at par plus accrued interest to but excluding the repurchase date for a total price of $1,001.61 per $1,000.00 principal amount, according to a press release.
The company began the offer on Dec. 21.
Traders Trust Co. (410 949-3268) was the trustee, tender agent, paying agent and conversion agent.
Ultrapetrol is a Nassau, Bahamas-based marine transportation company.
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