IMSK - New bond issued
(Thomson Reuters ONE) -
I.M. Skaugen SE (IMSK) has completed a new bond issue with maturity in September
2012, a total of NOK 300 million (equal to abt. USD 50 million). An equal amount
of debt in IMSK08 with maturity in July 2011 has been repurchased at par.
Remaining debt maturity in 2011 is now equivalent of USD 66 million.
The issue is a floating rate bond with a coupon margin of 8.00% over 3 months
NIBOR. It is unsecured and with other relevant covenant terms similar to our
previous bond issues. An application will be sent for listing of the bonds on
the Oslo Stock Exchange's ABM.
The repayment obligation in NOK will be swapped to USD. Average interest cost
(incl. of margin) for all of our outstanding bonds financed now stand at 6,6 %
given current USD interest rates.
Fearnley Fonds ASA acted as manager for the bond issue.
I.M. Skaugen SE
If you have any questions, please contact:
Bente Flø, Chief Financial Officer, on telephone +47
23 12 03 30/+47 91 64 56 08 or by e-mail:bente.flo(at)skaugen.com. This press
release is also available on the Internet at our website:
http://www.skaugen.com.
Listed on the Oslo Stock Exchange under the ticker code IMSK,. I.M. Skaugen SE
(IMS) is a marine transportation service company engaged in the
hassle-free transportation of petrochemical gases, chemicals, LPG and LNG,
marine transfer of crude oil and LNG, as well as design and construction of
smaller, specialised high quality vessels.
IMS is a fully-integrated shipping company that designs, builds, owns, mans and
manages its own ships. IMS customers are major international companies in the
oil and petrochemical industry, whom it serves worldwide from locations in
Bahrain, Fujairah (UAE), Freeport and Houston (USA), Oslo (Norway), Singapore,
Sunderland (UK) and Nanjing, Shanghai, Taizhou, Zhangjiagang and Wuhan (China).
We also operate recruitment and training programmes in St. Petersburg (Russia)
and Wuhan (China) for the crewing of vessels.
IMS employs approximately 1,850 people around the world and currently operates
about 42 vessels worldwide. The fleet comprises petrochemical gas, LPG and LNG
carriers, Aframax tankers and lightering support vessels, barges and tugs.
IMS has a newbuilding programme in China, of which three 3,200cbm LPG vessels
are delivered and sold; three purpose-designed combination carriers with
LPG/Ethylene/VCM and Organic chemicals carrying capability (two delivered); and
up to ten advanced 10,000-12,000cbm LNG/ LPG/Ethylene gas carriers (two
delivered), with delivery from 2009 onwards. IMS has invested and built up
internal resources and infrastructure in China to ensure innovative and flexible
vessels at lower cost.
[HUG#1444061]
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originality of the information contained therein.
Source: I. M. Skaugen SE via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 13.09.2010 - 13:06 Uhr
Sprache: Deutsch
News-ID 42282
Anzahl Zeichen: 0
contact information:
Town:
Oslo
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"IMSK - New bond issued"
steht unter der journalistisch-redaktionellen Verantwortung von
I. M. Skaugen SE (Nachricht senden)
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