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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

Pasquinelli in yacht move thumbnail image

Pasquinelli in yacht move

September 17 - Pasquinelli Spa has moved a 460-ton (417.3-tonne) yacht from Chioggia to Ancona, Italy.
Views: 87
Big Carl on show at Hinkley thumbnail image

Big Carl on show at Hinkley

September 13 - The giant Sarens SGC 250 ring crane is ready to start construction work at EDF’s Hinkley Point C nuclear power station.
Views: 595
ACS adds office space in Spain thumbnail image

ACS adds office space in Spain

September 13 - Air Charter Service (ACS) has relocated its Spanish operation to larger premises in Madrid.
Views: 471

Heavy Lift Across The World

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