Marine Link
Tuesday, January 16, 2018

StealthGas Prices Offering

Maritime Activity Reports, Inc.

August 7, 2014

StealthGas Inc is a provider of international seaborne transportation services to LPG producers and users

StealthGas Inc is a provider of international seaborne transportation services to LPG producers and users


StealthGas Inc.,  a shipowning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today that it has priced an underwritten registered offering of 3,500,000 shares of its common stock, at an offering price of $10.00 per share for gross proceeds, before estimated expenses payable by StealthGas Inc., of approximately $35 million. The shares were placed with several institutional investors, in addition to entities affiliated with the family of StealthGas Inc.’s President and Chief Executive Officer.

Global Hunter Securities, LLC is acting as the sole underwriter for the offering.

Net proceeds, after underwriting discounts and commissions and other estimated fees and expenses payable by StealthGas Inc., are estimated to be approximately $34.5 million.

StealthGassaid it intends to use the net proceeds of the offering for vessels acquisitions, including ordering larger size semi-refrigerated or fully-refrigerated LPG newbuildings, and other general corporate purposes.

The securities described above are being offered by StealthGas Inc. pursuant to a shelf registration statement on Form F-3 (No. 333-189971) including a base prospectus, previously filed and declared effective by the Securities and Exchange Commission (SEC). A final prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC’s website.


Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News