American Superconductor Announces Plan for Common Stock Offering

Monday, August 25, 2003
American Superconductor Corporation announced that it plans to file a registration statement with the U.S. Securities and Exchange Commission to offer its Common Stock for sale to the public. The company expects to file the registration statement within the next two weeks. The planned offering replaces the company's previously announced secured debt financing plan to raise $50 million in the form of a term loan, convertible subordinated notes and a working capital credit facility, which the company has decided not to pursue. "AMSC's management and board of directors believe the decision to forego a secured debt financing and to adopt an equity financing strategy under current market conditions is in the best interests of our shareholders," said Greg Yurek, chief executive of American Superconductor.
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

MN 100: Conrad Shipyard

1501 Front Street Morgan City, LA 70380 Telephone: 985 384 3060 E-Mail: rasampey@conradindustries.com Website: www.conradindustries.com CEO/President: Johnny Conrad Number of Employees: 1,

MN 100: BAE Systems Ship Repair

750 W. Berkley Avenue Norfolk, VA 23523 Tel: (757) 494-4674  Email: john.measell@baesystems.com Website: www.baesystems.com/shiprepair President: William Clifford The Company: BAE Systems,

Permanent On-site Collision Damage Repair in Greece

In July Hydrex mobilized a team of diver/technicians to Syros, Greece, for a complex repair operation on a 118-meter, 8550 DWT chemical tanker. The vessel had suffered

Finance

TMT CEO Files $100m IP Suit Over Vessel Sale

Hsin-Chi Su, Chairman and CEO of Today Makes Tomorrow Group (TMT) launched a suit in Texas federal court on July 28, 2014, alleging that a planned bankruptcy sale of three company ships, including M.

The World's Most Expensive Jones Act Tanker

The series highlighting the world's most expensive active vessels from online ship intelligence and information service VesselsValue.com focuses this week on the most expensive tanker vessel,

Lithuania Inks First Statoil LNG Deal

Lithuania seeks to cut dependence on Russia; Statoil to supply 0.54 bcm of gas per year. This will cover about 20 pct of Lithuania's demand. Lithuania signed

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Pipelines Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1106 sec (9 req/sec)