Transaction Update: Golden State Petroleum Transport Corp. Mar 12
Standard & Poors, March 2012
Abstract
Golden State Petroleum Transport Corp. is a Delaware-incorporated, project-financed transaction consisting of two very large crude carriers (VLCCs), the Ulriken (formerly the Antares Voyager) and the Phoenix Voyager. Golden State issued $127.1 million in term notes (in addition to $51.7 million in serial notes that have already matured) on behalf of its subsidiaries that own the vessels, Golden State Petro (IOM I-A) PLC and Golden State Petro (IOM I-B) PLC, to help fund construction of the vessels. Each of the vessels is an approximately 300,000 deadweight ton double-hulled tanker built to the specifications of Chevron Transport Corp. The Ulriken was delivered on Dec. 7, 1998. The Phoenix Voyager was completed on March 15, 1999. Chevron Transport chartered both vessels under...
Companies mentioned in this report are: Golden State Petroleum Transport Corp.
Action: Review
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Research Type: Full Analysis
Golden State Petroleum Transport Corp.
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