Please see attached notice relating to the result of the tender offer in the bond issue FRN Island Offshore Shipholding, L.P. Senior Unsecured Open Callable Bond Issue 2013/2016 (ISIN NO 001 067386.6).
Attached is a tender offer from Island Offshore Shipholding L.P.:
Reference is made to the stock exchange notice published by Island Offshore, L.P. ("IOSH" or the "Company") (OSE: IOSH) on 2 February 2016 regarding the summons for a bondholders' meeting in bond issue FRN Island Offshore Shipholding L.P. Senior Unsecured Open Callable Bond Issue 2013/2016.
At the bondholders' meeting held today, 16 March 2016, sufficient voting bonds were represented to form a quorum in the bond issue. The proposed resolutions for a restructuring received the affirmative votes from 96.34% of the voting bonds represented at the meeting. Consequently, the proposals for the restructuring plan were adopted with a sufficient majority of the voting bonds pursuant to the terms of bond agreement.
Please find the notice attached.
A bondholders' meeting has today been summoned in the FRN Island Offshore Shipholding L.P. Senior Unsecured Open Callable Bond Issue 2013/2016 (ISIN NO 001 0673866). The bondholders' meeting will be held on 16 March 2016 at 13:00 CET at the premises of Nordic Trustee ASA.
Please see the attached summons and company presentation for further information.
Island Offshore Shipholding LP has issued the following bonds:
Bond settlement date 05 April 2013 - IOSH01 PRO
Island Offshore Shipholding LP has successfully completed the issuance of a NOK 700 million three year senior unsecured bond issue.
Settlement date was 05 April 2013.
The net proceeds of the loan will be used for general financing purposes.
DnB Bank ASA, Carnegie ASA, DNB Markets, Arctic Securities acted as Joint Lead Managers for the bond issue.