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Prospect News home > News index > List of issuers T > Headlines for Tenders 2005 > News item |
OMI buys back $51.144 million convertibles
New York, Oct. 17 - OMI Corp. said it bought back $51.144 million of its 2.875% convertible notes, $38.25 million during the third quarter and $12.894 million during the fourth quarter so far.
The Stamford, Conn., tanker operator will record a gain on the extinguishment of debt of $2.008 million in the third quarter and $640,000 in the fourth quarter so far.
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