Genco Shipping & Trading Limited Announces Underwriters’ Exercise of Purchase Option for Common Stock Offering
Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK)
Last genco shipping & trading limited ordinary shares new (marshall islands) earnings: 2/25 04:30 pm
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gencoshipping.com
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Source: GlobeNewswire
NEW YORK, June 18, 2018 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco”) today announced that the underwriters for its recently priced public offering for its common stock have exercised their purchase option in full. The underwriters will purchase an additional 915,000 shares of common stock from Genco. As a result, Genco will sell a total of 7,015,000 shares of common stock in the offering. The full exercise of the purchase option will bring total gross proceeds from the offering to approximately $115.7 million. The offering is expected to close on June 19, 2018, subject to the satisfaction of customary closing conditions. Genco intends to use the net proceeds from the offering for future vessel acquisitions. Jefferies LLC, Fearnley Securities AS and Fearnley Securities, Inc. are acting as joint book-running managers for the offering, and ABN AMRO Securities (USA) LLC, Skandinaviska Enskilda Banken AB (publ), Credit Agricole Securities (USA) Inc., Se
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- Genco Shipping & Trading Limited Files Definitive Proxy Materials and Mails Letter to ShareholdersGlobeNewswire
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- GNK's page on the SEC website