General Maritime to start roadshow Friday for $300 million eight-year senior note offering

By Paul A. Harris

St. Louis, Oct. 29 - General Maritime Corp. will hold a roadshow Friday through Wednesday for its $300 million offering of eight-year senior unsecured notes (B3/B), according to an informed source.

Pricing is set for Nov. 5.

J.P. Morgan Securities Inc. and Goldman Sachs & Co. are joint bookruners for the Rule 144A and Regulation S with registration rights offering. Co-managers are Citigroup Global Markets Inc., Credit Suisse, DNB, Jefferies & Co and RBS Securities Inc.

The notes will come with three years of call protection.

Proceeds will be used to repay debt.

The prospective issuer is a New York-based provider of international seaborne crude oil transportation services.

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