Troll Drilling & Services gets bondholder OK to amend 13¾% bonds

By Toni Weeks

San Luis Obispo, Calif., March 11 - TrollDrilling & Services Ltd. received enough votes at a March 11 meeting in Oslo to amend its 13¾% senior secured callable bonds due 2016, according to a notice from bond trustee Norsk Tillitsmann ASA.

There were enough bondholders at the meeting to form a quorum, and the proposed resolution obtained 95.51% of the votes.

The proposed changes to the bond agreement were not disclosed in the notice.

The drilling service provider is based in Bergen, Norway.

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