Ocean Rig sets $250 million bond loan

By Paul A. Harris and Sara Rosenberg

St. Louis, March 28 - Ocean Rig Norway ASA has issued a $250 million senior unsecured bond loan that matures in April 2011, according to a news release.

Pareto Securities acted as the bookrunner on the deal.

The bond loan carries an interest rate of three-month Libor plus 400 basis points.

Settlement is expected to occur on April 3.

Ocean Rig is an Oslo, Norway, owner-operator of drilling rigs used for the offshore exploration and development of oil and gas fields.

© 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.