Ridgebury Tankers is carrying out a debt refinancing that will pay off $180m in Oslo-listed bonds.
The Connecticut tanker owner said it will pay investors 101.3% of the outstanding principal on the senior secured bonds.
Chief executive Bob Burke tells TradeWinds that the company is replacing the bonds with lower-cost bank debt.
Listed the Oslo Stock Exchange’s Nordic ABM bond market, the bonds carry a 7.63%
