World Wide Supply 7¾% callable bondholders pass six resolutions

By Wendy Van Sickle

Columbus, Ohio, Jan. 6 – Holders of World Wide Supply AS’ $150 million of 7¾% senior secured callable bonds due 2017 passed six resolutions relating to the bonds during a meeting on Wednesday, according to a notice from Nordic Trustee ASA.

Resolutions pertaining to transaction-, funding structure-, enforcement- and distribution mechanic-related clauses passed with 100% of the votes, while resolutions amending liquidity super priority and notice period clauses passed with 97.52% of the votes.

World Wide Supply, based in Ulsteinvik, Norway, is an offshore service vessel company providing high quality offshore shipping services for the global petroleum industry.

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