Singapore’s Geo Energy buys back additional 8% notes due 2022

By Rebecca Melvin

New York, April 28 – Geo Energy Resources Ltd. announced it repurchased additional amounts of its 8% senior notes due 2022 issued by wholly owned subsidiary Geo Coal International Pte. Ltd. on Tuesday, according to a release.

The company paid $34,122,000 for the repurchased notes, including $14,974,267 of accrued interest.

In earlier transactions related to this issue, the company paid $25,613,131 and $17,168,467 for the notes, also including accrued interest.

Following cancellation of the most recently repurchased notes, $154,017,000 of the original $300 million principal amount remains outstanding.

Geo Energy is a Singapore-based investment holding company that operates as a coal producer and mine contractor.

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