BW Offshore buys back $20.2 million of senior convertibles due 2024

By Mary-Katherine Stinson

Lexington, Ky., June 14 – BW Offshore Ltd. further reduced the amount outstanding on its issue of senior convertible bonds due 2024 (ISIN: NO0010867948) with partial repurchases totaling $20.2 million on June 14, according to a press release.

On June 14 the company made two repurchases of the bonds, buying back $10.2 million and $10 million from the $297.4 million original amount.

After the most recent buybacks, there will be $202.6 million of the bonds outstanding.

BW Offshore is a provider of floating production services to the oil and gas industry. The company has headquarters in Singapore and Oslo.

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