Nor Offshore to make Sept. 28 interest payment on 8.4% bonds in kind

By Angela McDaniels

Tacoma, Wash., Sept. 20 – Nor Offshore SPV, Ltd. is opting to pay the interest payment due Sept. 28 on its 8.4% senior secured callable bonds due 2020 in kind and not in cash, according to a notice from bond trustee Nordic Trustee ASA.

The special-purpose vehicle issued $121 million of the bonds in July to settle Harkand Finance Inc.’s obligations owed to the holders of its senior secured callable bonds due 2019.

Based in Aberdeen, Scotland, Harkand Finance owns and charters vessels.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.