• SELECT SITE CURRENCY
Select a currency for use throughout the site
Transaction Update: Golden State Petroleum Transport Corp. Mar 12
Standard & Poors, March 2012
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.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Golden State Petroleum Transport Corp.