OSG Prices Public Offering of Senior Notes

Overseas Shipholding Group ("OSG") has priced its public offering of $300 million in aggregate principal amount of senior unsecured notes due 2018 (the "Notes"), which will bear interest at a rate of 8.125% per year. The Notes are being sold to the public at a price equal to 98.563% of par. The offering is expected to close on March 29, 2010, subject to customary closing conditions.

OSG intends to use the net proceeds from the offering to reduce outstanding indebtedness under its unsecured revolving credit facility.

Related Companies
 Company: Overseas Shipholding Group (OSG)more info
 - Maersk Secures FSO for Al Shaheen Field (Aug 20)
 - OSG Declares Regular Quarterly Dividend (Apr 16)
 - OSG Closes Public Offering of Senior Notes (Mar 30)

Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours