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>

<< Jun 2016 >>
MTWTFSS
30 31 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 1 2 3

14th ASEAN Ports and Shipping 2016

A two days Conference Programme will feature 30 world-class conference speakers addressing topical issues and challenges on global…

read more >

7th Annual LNG Shipping Conference

Get the latest updates from NYK shipping on small scale LNG bunkering project
Gain insight into LNG shipping in a buyers’ market trends from Fearnley LNG…

read more >

FLNG World Congress

There are plenty of opinions on where the FLNG market is headed in 2016-18 in the current oil price environment. The question is, do you have enough critical market intelligence to make an informed one?

At the FLNG World Congress this year, we deliver to you the governments, project owners, oil companies, EPC contractors and supply chain that have or are working on current and upcoming projects—Hear unprecedented presentations from Ophir Energy, Delfin Energy, Technip, SKK Migas, Black & Veatch, KBR, Chevron and more as they walk you through invaluable lessons learnt and experiences on how to commercialise FLNG projects.

More info

read more >

Maritime Cyber Risk – Addressing the real and current threats

This one day international conference on Maritime Cyber Risk – Addressing the Real and Current Threats will look at practical steps which…

read more >