NASSAU, Bahamas, Dec. 21, 2010 (GLOBE NEWSWIRE) -- Ultrapetrol (Bahamas) Limited (Nasdaq:ULTR) (the "Company") announced today the pricing of its offering of $70 million aggregate principal amount of convertible senior notes due 2017 (the "notes"), which was previously announced as $60 million aggregate principal amount of notes. The notes will be offered and sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and non-U.S. persons in accordance with Regulation S promulgated under the Securities Act, by the initial purchasers of the notes. The Company has also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $10 million aggregate principal amount of notes, solely to cover overallotments.
Ultrapetrol (Bahamas) Limited Prices Offering Of $70 Million
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