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Prospect News home > News index > List of issuers T > Headlines for Tenders 2012 > News item
Published on 11/20/2012 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

STX Pan Ocean holders put $193.8 million 4.5% convertibles due 2014

By Marisa Wong

Madison, Wis., Nov. 20 - STX Pan Ocean Co., Ltd. said holders of $193.8 million of its outstanding 4.5% convertible bonds due 2014 exercised their put option. The company said it redeemed the put bonds on Nov. 20.

Following the redemption, $6.2 million principal amount of the bonds remains outstanding.

The Seoul, Korea-based marine transportation company originally issued $200 million of the bonds.


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