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Overseas Shipholding Group Inc (OSG)

OSG on New York Consolidated

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2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Overseas Shipholding Group says entered third amendment to loan facilities
Monday, 26 Sep 2016 05:04pm EDT 

Overseas Shipholding Group : Reduces amount of incremental term loans and incremental revolving loans borrowers may obtain under OIN facilities to $200 million . Says entered into a third amendment to secured term loan and revolver facilities, dated as of August 5, 2014 .Overseas Shipholding says third OIN credit agreement amendment permits OIN to dividend up to an amount of $100 mln to OSG prior to Oct. 14 - SEC filing.  Full Article

Overseas Shipholding Group files for resale of up to 33.4 mln shares of co's class A common stock by selling securityholders
Tuesday, 9 Aug 2016 06:33pm EDT 

Overseas Shipholding Group Inc : Overseas Shipholding Group files for resale of up to 33.4 million shares of co's class A common stock by the selling securityholders .In addition the selling securityholders to offer 17.7 million class a warrants, each to purchase 0.190 shares of co's class A common stock.  Full Article

Overseas Shipholding Q2 EPS $0.31
Tuesday, 9 Aug 2016 07:00am EDT 

Overseas Shipholding Group Inc : Overseas shipholding group reports second quarter 2016 results .Q2 revenue fell 8 percent to $215.7 million.  Full Article

BHR Capital LLC reports 6.5 pct passive stake in Overseas Shipholding
Wednesday, 13 Jul 2016 03:00pm EDT 

Overseas Shipholding Group Inc :BHR Capital LLC reports 6.5 percent passive stake in Overseas Shipholding Group Inc as of July 13 - Sec filing.  Full Article

Overseas Shipholding Group reports Q1 earnings $0.09/shr
Tuesday, 10 May 2016 07:15am EDT 

Overseas Shipholding Group Inc : Overseas Shipholding Group reports first quarter 2016 results . Q1 earnings per share $0.09 .Q1 revenue rose 7 percent to $236.9 million.  Full Article

Overseas Shipholding Group Inc announces settlement reached in Proskauer Rose lawsuit
Friday, 12 Feb 2016 04:56pm EST 

Overseas Shipholding Group Inc:Announces settlement reached in Proskauer Rose lawsuit.As part of the settlement, Proskauer Rose LLP has agreed to release the claims it asserted against current and former officers of the Company, including James Edelson and Myles Itkin.  Full Article

Overseas Shipholding Group Inc investors settle lawsuit with execs, others - Reuters
Thursday, 6 Aug 2015 08:00pm EDT 

Overseas Shipholding Group Inc:Says Overseas Shipholding Group Inc investors have reached $16.25 million in settlements with the executives, underwriters and an auditor of the company in a lawsuit related to its 2012 bankruptcy and tax problems - Reuters.Says Company directors and officers, including former Chief Executive Morten Arntzen and former Chief Financial Officer Myles Itkin, agreed to pay $10.5 million, papers filed in Manhattan federal court on Aug.6 showed.Says Underwriters including Citigroup Inc, Deutsche Bank AG and Goldman Sachs Group Inc will pay $4 million, while accounting firm PricewaterhouseCoopers LLP will pay $1.75 million.  Full Article

BRIEF-Overseas Shipholding Group names new CEO, CFO

* Names Lois Zabrocky chief executive officer and Jeffrey Pribor chief financial officer Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)