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    Island Offshore wins backing from bondholders

    Company News // March 17, 2016

    Referring to a stock exchange notice published by Island Offshore LP on 2 February 2016 regarding a summons for a bondholders' meeting in bond issue FRN Island Offshore Shipholding LP Senior Unsecured Open Callable Bond Issue 2013/2016, the company says the proposed resolutions for a restructuring received affirmative votes from 96.34 per cent of the voting bonds represented at the meeting.

    Consequently, the proposals for the restructuring plan were adopted with a sufficient majority of the voting bonds pursuant to the terms of bond agreement.

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