OMI to repay revolver debt with bond sale proceeds

By Sara Rosenberg

New York, Nov. 13 - OMI Corp. plans on repaying amounts outstanding under its revolver with proceeds form a $150 million senior notes offering, according to a company news release.

Remaining proceeds from the bond deal also will be used for general corporate purposes.

OMI is a Stamford, Conn., owner and operator of crude oil tankers and product carriers.

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