Stolt Offshore Completes Debt for Equity Swap

Stolt Offshore S.A. (Nasdaq: SOSA; Oslo Stock Exchange: STO) reports that the previously announced debt for equity swap, under which the Stolt-Nielsen Transportation Group, a wholly owned subsidiary of Stolt-Nielsen S.A., has subscribed for an additional 22,727,272 Common Shares in consideration for the cancellation of $50 million of subordinated loans to Stolt Offshore, had been completed. The number of Common Shares issued is now 161,489,487.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours