Ocean Rig Redeems Bonds

Ocean Rig has given notice to the trustee to call NOK 330,000,000 of the outstanding amount under the 11% Callable bond 04/09 (ISIN NO 001 0241854). The redemption will be financed by a drawdown under the company's new bank loan. As a result, the outstanding amount under the 11% Callable bond 04/09 (ISIN NO 001 0241854) will be reduced from NOK 630,000,000 to NOK 300,000,000.
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