Crowley Maritime Raises Money for Its Newbuildings

Posted on Oct 24th, 2013 with tags , , , , .

Crowley Maritime Raises Money for Its Newbuildings

Crowley Maritime Corporation has successfully raised gross proceeds of $200 million through the sale of 200,000 shares of Series A Income Preferred Securities. The company intends to use the net proceeds from this offering in connection with its new vessel build program as well as for general corporate purposes.

We are very pleased to have concluded this important transaction for the company, especially as it offers a new source of capital to pursue our growth plans,” said Crowley’s Chairman, President and CEO Tom Crowley.

DNB Markets acted as exclusive financial advisor to Crowley. DNB Markets and Incapital acted as joint book-running managers for the offering.

Crowley Maritime, October 24, 2013

 

Share this article from World Maritime News


Follow World Maritime News via:

Advertisement





lb
McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams