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Published on 11/26/2018 in the Prospect News Distressed Debt Daily, Prospect News High Yield Daily and Prospect News Liability Management Daily.

OSX3 gets OK to amend 13%, 35% callable bonds for long-term charter

By Susanna Moon

Chicago, Nov. 26 – Holders agreed to amend OSX3 Cayman Ltd.’s 35% callable bond issue 2016/2019 and OSX 3 Leasing BV’s 13% senior secured callable bond issue 2012/2015 to reflect a new long-term charter.

The request was passed by way of written resolution with the needed majorities for the two issues on Nov. 23, according to two separate notices by Nordic Trustee AS.

OSX3 is a s-Gravenhage, Netherlands-based company that engages in engineering, construction, installation and commissioning of floating production storage and offloading units to offshore petroleum exploration and production companies. The company operates as a subsidiary of OSX Brasil SA.


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