St. Louis, Sept. 21 - Ocean Rig sold NOK600 million of 11% five-year senior unsecured notes on Monday, the company said in a news release Tuesday.
Pareto Securities ASA ran the books for the Regulation S issue.
Proceeds will be used to refinance existing debt maturing in the near term.
The company said the issue was fully subscribed.
The Stavanger, Norway, company is a deep water drilling rig owner operator.
Issuer: | Ocean Rig
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Amount: | NOK600 million
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Maturity: | Oct. 15, 2009
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Security description: | Senior unsecured bonds
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Bookrunner: | Pareto Securities ASA
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Coupon: | 11%
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Call features: | Callable after Oct. 15, 2005 at 103.0 and any time between Oct. 15, 2005 and April 15, 2006 at 102.5
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Trade date: | Sept. 20
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