Crowley Maritime Raises Money for Its Newbuildings

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

Follow World Maritime News

In Depth>

Events>

<< Mar 2015 >>
MTWTFSS
23 24 25 26 27 28 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

TOC Asia 2015

TOC Events has built a strong reputation as the trusted event portfolio for the maritime trade, shipping, ports and terminal communities…

read more >

MARLOG 2015

MARLOG 4 conference sheds light on the most important and recent mega projects which will affect the field of maritime transport as well…

read more >

17th Annual Global Liner Shipping Conference

Participants of GLS 2014 assessed industry’s most critical topics:
– Analysed the potential impact of the P3 alliance…

read more >

7th International Conference & Exhibition

The conference is a targeted event specially designed for, and aimed at, representatives from operations, maintenance and engineering from…

read more >