Golden Ocean lowers conversion price on 3.625% convertibles to $5.78

By Melissa Kory

Cleveland, Feb. 28 - Golden Ocean Group Ltd. announced that it adjusted the conversion price on its 3.625% callable convertible bonds due 2012 to $5.78 from $6.02 per share, effective Feb. 28.

The price adjustment was the result of a dividend of $0.05 per share.

Based in Hamilton, Bermuda, Golden Ocean is a dry bulk shipping firm.

© 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.