05.08.2014 21:55:00

OSG Bulk Ships, Inc. -- Moody's assigns Caa1 rating to unsecured notes of Overseas Shipholding

Two unsecured notes issues being reinstated upon exit from Chapter 11; $300 million of 8.125% notes due 2018 and 7.5% due 2021 or 2024 aggregating $146 million

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