Millennium Offshore extracts $225m of bonds in line with guidance

11 Feb 2013

Millennium Offshore Services, the provider of offshore jack-up accommodation service vessels based in the United Arab Emirates, sold $225m of high yield bonds on Friday. The five year non-call two senior secured bonds came in line with guidance at par to yield 9.5%.

Bookrunner Goldman Sachs released price talk on Thursday and was planning to close the books at 10am New York time and 3pm London time on Friday.

MOS provides offshore jack-up accommodation service vessels for oil and gas companies operating offshore in the Middle East, North Africa and Asia Pacific. ...

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