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Published on 3/14/2011 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Willbros holders put all $59.36 million 2.75% convertibles due 2024

By Susanna Moon

Chicago, March 14 - Willbros Group, Inc. said investors put back all $59,357,000 of the company's outstanding 2.75% convertible senior notes due 2024.

The notes were putable at par plus accrued interest up to but not including March 15.

After the purchase, none of the notes will remain outstanding.

The put option expired at 5 p.m. ET on March 11.

Bank of Texas, NA is the paying agent.

Willbros is an oil, gas and power services company based in Houston.


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