Ultrapetrol Announces Closing of Offering of $200M Aggregate Principal Amount of 8.875% First Preferred Ship Mortgage Notes Due 2021

Ultrapetrol (Bahamas) Limited (Nasdaq: ULTR ), an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business), announced today the closing of its previously announced sale of $200 million in aggregate principal amount of its 8.875% First Preferred Ship Mortgage Notes