Overseas Shipholding calls its 8¼% notes

By Susanna Moon

Chicago, April 7 - Overseas Shipholding Group, Inc. said it would redeem its outstanding $176.12 million 8¼% senior notes due 2013.

The company will pay 104.125% of the principal amount of the notes plus accrued interest. The redemption date is scheduled for May 15.

Overseas Shipholding issued $200 million of the notes on March 7, 2003.

Wilmington Trust Co. (302 636-1000) is the paying agent.

The New York-based firm operates oceangoing bulk cargo vessels.

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