Petrolia seeks holder OK to extend 12% bonds at meeting on Jan. 24

By Susanna Moon

Chicago, Jan. 17 - Petrolia SE said it is seeking holder approval to extend its 12% callable senior bonds due 2015 at a meeting set for Jan. 24.

The company is proposing to extend the maturity by two years to June 2017 from June 2015, according to a press release.

The notes were issued in 2013.

Petrolia, formerly Petrolia Drilling ASA, is an Oslo-based company that owns and charters drilling vessels for offshore, deepwater oil and gas exploration and development drilling.

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