InterOil, holders of floaters agree to strategic alternatives review

By Caroline Salls

Pittsburgh, Aug. 13 - InterOil Exploration and Production ASA has reached an agreement to evaluate its strategic alternatives with holders of a majority of its floating-rate senior secured callable and putable bonds due 2012, according to a news release.

As part of a standstill agreement reached with the bondholders in June, InterOil said it will evaluate a range of strategic alternatives, including a financial restructuring, asset sales, joint venture opportunities and mergers.

The company has hired Macquarie Capital Advisers and Tristone Capital Ltd. as its financial advisers to help with the alternatives review.

InterOil is an Oslo-based exploration and production company.

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