Sea Containers calls 12½% debentures

New York, May 7 - Sea Containers Ltd. (B3/B) said that it has called for redemption all of its outstanding 12½% series A and series B senior subordinated debentures due 2004. A total of $79.729 million of the debentures is outstanding.

Sea Containers, a Hamilton, Bermuda-based marine container lessor, passenger and freight transport operator and leisure industry investor, said that the redemption date for the debentures will be June 7.

It said that the regular semi-annual installment of interest due on June 1 will be paid in the usual manner. On the June 7 redemption date, holders of the debentures will be entitled to $1,002.08 per $1,000 principal amount of debentures tendered for redemption, including $2.08 of interest accrued and unpaid up to the redemption date.

The company said the redemption price is payable on presentation and surrender of the certificates to The Bank of New York in East Syracuse, N.Y. (800 548-5075).

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.