International Shipholding Corporation Retires 7 3/4% Senior Unsecured Notes
Posted on: Monday, 15 October 2007, 15:00 CDT
International Shipholding Corporation announced today that it retired all of the remaining outstanding obligations of its 7¾% Senior Unsecured Notes ("Notes"). These Notes were issued in January 1998, at a face value of $110 million
. During the years, the Company retired a total of $71.03 million of the outstanding Notes in advance of maturity leaving today's payment of $38.97 million as the final payment due in order to fully retire all outstanding Notes. The Company used funds available from free operating cash to make this final payment.Source: Business Wire
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