Baltic Trading Ltd Prices Common Stock Offering


Friday, 20 Sep 2013 08:49am EDT 

Baltic Trading Limited announced the pricing of its public offering of common stock. The offering was made pursuant to Baltic Trading's registration statement (including a prospectus and related prospectus supplement for the offering). Baltic Trading agreed to sell 12,000,000 shares of common stock at a public offering price of $4.60 per share. Total gross proceeds from the offering will be approximately $55.2 million. The offering is expected to close on September 25, 2013, subject to the satisfaction of customary closing conditions. Baltic Trading intends to use the net proceeds from the offering for future vessel acquisitions or, to the extent it does not so use them, for working capital and general corporate purposes. Jefferies LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering, and DVB Capital Markets LLC and DnB Markets, Inc. are acting as co-manager for the offering. 

Company Quote

2.52
0.03 +1.20%
19 Dec 2014