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Ridgebury Crude Tankers to redeem remaining 7 5/8% notes on Nov. 17
By Angela McDaniels
Tacoma, Wash., Oct. 4 – Ridgebury Crude Tankers LLC said it plans to redeem its $180 million of outstanding 7 5/8% senior secured bonds due 2017 in whole on or about Nov. 17.
The redemption price will be 101.333% of par plus accrued interest.
As previously reported, the company redeemed $10 million of the bonds at par on Sept. 20, $10 million at par on Sept. 20, 2015 and $10 million at par on March 20, 2015.
Westport, Conn.-based Ridgebury is the owner and operator of a fleet of vessels.
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