ITCL - Antares Voyager and British Pioneer
Press release from Independent Tankers Corporation Limited 20.10.2010
Please be informed that Golden State Petroleum Transport Corporation acting on behalf of Golden State Petro (IOM I-A) PLC, the owner of the double hull VLCC Antares Voyager (1998), launched on October 15, 2010 a consent solicitation to amend the indenture relating to its 8.04% First Preferred Mortgage Notes due 2019.
In addition, please be informed that Windsor Petroleum Transport Corporation acting on behalf Buckingham Petro Limited, the owner of the double hull VLCC British Pioneer (1999), launched on October 15, 2010 a consent solicitation to amend the indenture relating to its 7.84% First Preferred Mortgage Notes due 2021.
The purpose of the consent solicitations are to amend and clarify certain indenture and related collateral agreement provisions and definitions and to provide for the potential sale of the double hull VLCCs Antares Voyager and British Pioneer.
For further information, please find enclosed the press releases issued by Golden State Petroleum Transport Corporation and Windsor Petroleum Transport Corporation.
Independent Tankers Corporation Limited
October 20, 2010
Questions should be directed to:
Bengt Neteland: Vice President Finance, Frontline Management AS
+47 23 11 40 37
Golden State - Consent Launch Press ReleaseWindsor - Consent Launch Press Release
