DP Producer plans to pay $2 million to 2006/2011 bondholders June 13

By Caroline Salls

Pittsburgh, June 4 - Holders of DP Producer's callable bond issue 2006/2011 will receive a $2 million payment on June 13, according to a notice from Nordic Trustee ASA.

Nordic Trustee said the bondholders were informed on Oct. 21, 2011 that $2.2 million would be withheld.

According to the notice, a final payment may be made in connection with the closing of the company's bankruptcy estate, which is expected to take place later this year. As previously reported, that amount was withheld to facilitate enforcement of an equipment pledge.

The record date for the June 13 payment is June 11.

The Oslo-based oil and gas exploration services company operates as a subsidiary of FPSOcean AS.

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