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 February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

Caterpillar, Uptake to Create Analytic Solutions

To help customers around the world better understand the health of their equipment and optimize machine availability, Caterpillar Inc.today announced it has

Danelec Marine Unveils eSERVICEConnect Initiative

Danelec Marine launched its new eSERVICEConnect initiative today in a move to automate and streamline shipboard service for its products worldwide. Danelec’s eSERVICEConnect is an Internet,

Tennessee Chill Box Expands Industry Reach

Air conditioned respirator supply systems supplier Tennessee Chill Box, LLC (TCB) launched a new air-supply, mask and hood system designed to expand the industry-reach

Finance

Wärtsilä, Clean Marine Energy Offer "Scrubber Finance"

Wärtsilä and Clean Marine Energy (Europe) Ltd (CME) today announced the landmark signing of the shipping industry's first collaboration agreement that will provide

Scandlines Concludes Sale of Freight Routes

First State Investments is taking over the ferry route Helsingør-Helsingborg including the five vessels operating the line. The contract with First State Investments

EC Okays Maritime Fisheries fund

European Commission has approved Malta’s Operational Program European Maritime Fisheries Fund (EMFF) for the 2014-2020 financial periods, announced Parliamentary

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.1716 sec (6 req/sec)