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BW Offshore trims conversion price on convertible bonds due 2024
By Marisa Wong
Los Angeles, Nov. 29 – BW Offshore Ltd. lowered the conversion price on its $297.4 million senior convertible bonds due 2024 (ISIN: NO0010867948) to $8.0776 from $8.2676, effective Nov. 29, according to a notice.
The adjustment results from a dividend in cash of $0.035 and a dividend in kind of 0.0101 shares distributable to shareholders of record on Nov. 23.
BW Offshore is a provider of floating production services to the oil and gas industry. The company has headquarters in Singapore and Oslo.
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