General Maritime starts roadshow Wednesday for $250 million 10-year notes

By Paul A. Harris

St. Louis, March 4 - General Maritime Corp. starts the roadshow Wednesday for $250 million of senior notes due 2013 (B1/B), according to a syndicate source.

The deal is expected to price on March 14, the source added.

JP Morgan is the bookrunner. Bank of America Securities, Credit Suisse First Boston and Lehman Brothers are co-managers.

The Rule 144A notes are non-callable for five years.

Proceeds will be used to repay debt incurred to fund the acquisition of 19 tankers from Metrostar.

The issuer is a sea-borne crude oil transporter headquartered in New York City.

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