OMI Prices $200 Million Senior Unsecured Notes Offering

Friday, November 21, 2003
OMI Corporation of Stamford, Connecticut announced that it has priced a $200 million senior unsecured notes offering (the "Notes"). The size of the offering was increased to $200 million from the previously announced $150 million. The Notes will bear interest at 7.625% and will be due in 2013. OMI will have the option to call the Notes beginning in 2008. Subject to customary closing and other conditions, the offering is expected to close on November 26, 2003. OMI intends to use proceeds from the offering to repay outstanding balances under the Company's revolving credit facilities and for general corporate purposes. The Notes were offered in an unregistered offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933. OMI will offer to exchange the unregistered Notes for substantially identical registered senior unsecured notes following completion of the offering. The Notes will not be registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. This news release is neither an offer to sell nor a solicitation of any offer to buy the Notes.
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

China Shipping Line to Buy 10 Vessels

China Shipping Container Lines Co is planning to buy around 10 ultralarge container ships for around $1.5 billion, despite the shipping industry struggles with a capacity glut, reports WSJ.

Cosco CSCL Merger Talks Continue

The closed-door talks on what is believed to be merger discussions between Cosco and China Shipping continue, reports local media.   According to JoC, the Chinese

CMA CGM's Profits Jump 67% in Q2

French shipping giant CMA CGM, reported a 66.7% jump in net profit to $156m in the second quarter of 2015. The result compared to a $94m net profit in the same period a year earlier.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | 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: 0.4804 sec (2 req/sec)