The Danish shipowner is offering to repurchase its 10.5%unsecured notes due 2015 from holders at 105% of par value plus accrued unpaidinterest, it announced today.
The purchase price is 1.9% above the most recent tradedprice of 103.1% on 2 December and the highest price since July 2011, Lauritzensaid.
Bond holders have until 17 December to take up the offerwhich is being managed by Danske Bank Markets and SEB.
Lauritzen
