OMI Corp. to begin roadshow Friday for $150 million 10-year notes

By Paul A. Harris

St. Louis, Nov. 13 - OMI Corp. starts a one-week roadshow Friday for $150 million of senior notes due 2013 (B1/B+), according to an informed source.

Goldman Sachs & Co. will run the books on the Rule 144A (with registration rights)/Regulation S deal.

The 10-year notes will be non-callable for five years.

OMI will use proceeds to repay its revolver and for general corporate purposes.

The company is a Stamford, Conn.-based owner and operator of crude oil tankers and product carriers.

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