Ultrapetrol tenders for $80 million 7.25% convertible notes due 2017

By Susanna Moon

Chicago, Dec. 21 - Ultrapetrol (Bahamas) Ltd. said it began a tender offer to repurchase its $80 million of outstanding 7.25% convertible senior notes due 2017.

The company is offering to pay par plus accrued interest to but excluding the repurchase date, according to a press release.

The tender offer will run until 5 p.m. ET on Jan. 22.

Traders Trust Co. (410 949-3268) is the trustee, tender agent, paying agent and conversion agent.

Ultrapetrol is a Nassau, Bahamas-based marine transportation company.

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