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Dockwise to commence debt buyback programme

June 8 - Dockwise intends to utilise up to USD50 million to buy back a portion of its syndicated debt in a reverse Dutch auction to be conducted by the Royal Bank of Scotland.

Dockwise is inviting holders of the USD816.5 million floating rate first lien debt to submit offers to sell all or part of their debt at a discount, for cash, to Dockwise.

The invitation will be open until 14.00 CET on 15 June 2009, unless extended or terminated and is expected to settle on 29 June 2009. 

Full terms and conditions of the invitation, including certain jurisdictional restrictions, will be provided to the lenders.

Heavy Lift | News

Buss launches JV with Idea thumbnail image

Buss launches JV with Idea

June 14 - Hamburg-based Buss Offshore Solutions and French logistics provider Idea established a joint venture that will serve the offshore market in France.
Views: 410
ALS moves in Hull thumbnail image

ALS moves in Hull

June 14 - UK-headquartered Abnormal Load Services (ALS) is relocating to larger premises in Hull.
Views: 376
Seville ships Haliade towers thumbnail image

Seville ships Haliade towers

June 14 - Tower sections that will make up General Electric’s (GE) Haliade-X offshore wind turbine have been loaded onto the multipurpose vessel Palmerton at the port of Sevilla, Spain.
Views: 415
Gantry on the move thumbnail image

Gantry on the move

June 13 - Collett & Sons loaded a 100-tonne gantry onto double bogie trailers ahead of a 250 mile (402.3 km) journey from the heavy haulier's depot in Goole to Gatwick, UK.
Views: 434

Heavy Lift Across The World

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