Ocean Grand plans $30 million add on to 9¼% notes

New York, Feb. 27 - Ocean Grand Holdings, Inc. said it is planning to sell a $30 million add on to its 9¼% five-year guaranteed secured notes due 2010.

ABN Amro will be bookrunner, as with the original offering, which was priced on Nov. 30, 2005.

Ocean Grand will use proceeds to repay short-term debt, for general corporate purposes and as working capital.

The original Regulation S sale was priced at 99.51 to yield 9 3/8%.

Ocean Grand is a Hong Kong-based aluminum producer.

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