Marine Subsea makes final payment on series I exchange bonds due 2019

By Tali David

Minneapolis, Jan. 26 - Marine Subsea Cyprus Holdings Ltd. will make the final payment on its series I exchange bond due 2019 on Jan. 30, according to a notice from bond trustee Norsk Tillitsman ASA.

The total payment will be $59,966,616.65, which is 19.204% of the outstanding amount of $312,258,635.

The payment constitutes the full and final payment and the bonds will be discharged, Norsk Tillitsman said.

Oslo-based Marine Subsea is an international offshore support company with a main focus in West Africa.

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