By Devika Patel
Knoxville, Tenn., Aug. 9 - Danaos Corp. said it plans a $200 million private placement of stock.
The company will sell 54,054,000 common shares at $3.70 per share, which the company said represents a 5.9% discount to the 30-day volume weighted average share price of $3.93 per share and a 6.6% discount to the 60-day volume weighted average share price of $3.96 per share.
Piraeus, Greece-based Danaos is an international owner of containerships that charters its vessels to liner companies.
| Issuer: | Danaos Corp.
|
| Issue: | Common stock
|
| Amount: | $200 million
|
| Shares: | 54,054,000
|
| Price: | $3.70
|
| Warrants: | No
|
| Pricing date: | Aug. 9
|
| Stock symbol: | NYSE: DAC
|
| Stock price: | $4.26 at close Aug. 6
|
| Market capitalization: | $235.65 billion
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
