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Published on 11/28/2011 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

IM Skaugen redeems NOK 477 million of IMSK04, IMSK05 bonds on Nov. 25

By Tali David

Minneapolis, Nov. 28 - IM Skaugen SE said it redeemed NOK 327 million of its IMSK04 bonds and NOK 150 million of its IMSK09 bonds, according to an announcement.

Following the redemption, the remaining outstanding bonds include NOK 273 million of the company's series IMSK04 floating-rate bonds due June 6, 2012, NOK 150 million of its series IMSK09 floating-rate bonds due Sept. 17, 2012, NOK 350 million of its series IMSK10 floating-rate bonds due March 15, 2013 and NOK 75 million of its series IMSK11 floating-rate bonds also due March 15, 2013.

IM Skaugen is a marine transportation service company engaged in the transportation of petrochemical gases and chemicals and is located in Oslo, Norway.


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