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HomeMaritime NewsRegionsAmericasNAT public offer grows to 12m shares and $103m

NAT public offer grows to 12m shares and $103m

NAT public offer grows to 12m shares and $103m
Nordic American Tankers (NAT) today announced that its latest public offering has grown from 10m to 12m shares at $8.62 each, totalling $103.4m.

The company stated that the proceeds will be used to fund the acquisition of two to four vessels.

Morgan Stanley & Co. is acting as the bookrunning manager with Global Hunter Securities as co-manager of the offering. A 30 day option will be offered to the underwriters to purchase a further 1.8m shares.

The offering is expected to close on 11 April.

TAGS: Tankers Finance & Insurance

 

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