Norway's Solstad Offshore is buying back Rem Offshore bonds worth NOK 92.3m ($10.66m).
This represents 88.1% of the secured debt offered in by investors.
The bonds are due in 2024. An offer for the notes closed on 3 January following Solstad's merger with Rem in December.
It will pay up to 65% of par value, including any accrued but unpaid interest.
