Nordic American Tankers Limited (NAT: Quote) said it is commencing a public offering of $87 million common shares. Chairman and CEO Herbjorn Hansson is expected to buy about $1.5 million worth of common shares
The company has granted the underwriters a 30-day option to purchase up to an additional $13.05 million common shares.
The proceeds are expected to be used to pay for acquisitions under expansion program, including the Nordic Future, and for general corporate purposes.
Click here to receive FREE breaking news email alerts for Nordic American Tankers Ltd. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com