Correction: SeaBird gets votes from most holders to amend floaters

By Susanna Moon

Chicago, Dec. 8 - SeaBird Exploration plc received support from nearly all, or 98.4%, of holders at a meeting held on Wednesday to amend its callable floating-rate notes due 2012, rather than the unanimous vote reported on Wednesday.

Trustee Norsk Tillitsmann ASA issued a correction Thursday in a notice to bondholders.

SeaBird voters unanimously voted at Wednesday's meeting to amend its floating-rate notes due 2009.

The company said on Nov. 25 that it called for a joint bondholders' meeting to propose amendments to its SBX01 RET and SBX02 RET bond loan agreements in connection with a Nov. 18 agreement for a financial restructuring and industrial partnership.

As previously noted, there were enough holders at the meeting on Wednesday representing both series of floaters to form a quorum, and the proposals were adopted.

Seabird provides marine seismic data and associated products and services to the oil and gas industry. It maintains offices in the British Virgin Islands, Dubai and Oslo.

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