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Published on 6/21/2012 in the Prospect News Distressed Debt Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

Camo holders push through extension of 10½% notes to 2013

By Susanna Moon

Chicago, June 21 - Camo AS holders voted unanimously to extend the maturity of the company's 10½% senior callable bonds to Dec. 15, 2013 from June 15, 2012.

The meeting was held at 7 a.m. ET on June 21 in Oslo.

There were enough bondholders to form a quorum and the proposal was adopted, according to a notice from trustee Norsk Tillitsmann ASA.

The holders of at least half of the bonds needed be represented in person or by proxy at the meeting, and two-thirds of the holders represented at the meeting needed to vote in favor of the extension.

The meeting was announced on June 13.

Camo provides multivariate data analysis and is based in Oslo.


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