Overseas Shipholding offers $50 million term loan buyback at 91-96

By Sara Rosenberg

New York, March 21 – Overseas Shipholding Group Inc. went out to investors with an offer to purchase $50 million of its term loan at a price between 91 and 96, according to a market source.

The offer expires at 5 p.m. ET on Thursday, the source said.

Jefferies Finance is leading the transaction.

Overseas Shipholding is a New York-based tanker company.

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