Ridgebury Crude Tankers is gearing up to buy back $10m worth of its Oslo-listed bonds.
The arm of Bob Burke’s Ridgebury Tankers says it will pay the par value of the debt securities plus accrued interest though 20 September.
The deal to redeem the chunk of the 7.63% senior secured bonds will take place on 16 September.
Ridgebury Crude Tankers issued $210m in bonds that are due March 2017.
