Golden Close plans PIK interest on 9%/12% bonds, 10%/15% bonds

By Susanna Moon

Chicago, Sept. 18 – Golden Close Maritime Corp. Ltd. will pay interest due Sept. 30 in kind on its 9% senior secured callable bond issue 2014/2019 and 10% super senior secured open bond issue 2017/2022.

The payment-in-kind rate is 12% for the 9% notes and 15% for the 10% bonds, according to two separate notices from Nordic Trustee AS.

As previously announced, the issuer also paid the interest due June 30, in March 2018, December 2017 and September 2017 on the two series in kind.

Golden Close owns and operates the drillship Deepsea Metro I in Tanzania and Kenya. It is based in Bergen, Norway.

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