GOGL - Golden Ocean cancels bond offering
(Thomson Reuters ONE) - GOGL - Golden Ocean cancels bond offeringGolden Ocean Group Limited ("Golden Ocean" or the "Company")announces today that it has cancelled its convertible bond offering.Golden Ocean has favourable financing alternatives in place, and hassolid cash flow from operations and strong liquidity position. Thepurpose of the proposed bond offering was purely to financeopportunistic investment and further expansion of the Company. TheBoard does not see the achievable terms including coupon and dilutionto existing shareholders as an attractive financing option and havetherefore decided to cancel the offering.8 December 2009Hamilton, BermudaContact Persons:Herman Billung: CEO, Golden Ocean Management AS+47 22 01 73 40Geir Karlsen: CFO, Golden Ocean Management AS+47 22 01 73 53This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 08.12.2009 - 17:08 Uhr
Sprache: Deutsch
News-ID 9390
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