By Marisa Wong
Los Angeles, April 9 – American Shipping Co. ASA’s indirect wholly owned subsidiary, American Tanker, Inc., priced $20 million of additional 7¾% senior bonds due July 2, 2025.
The company priced the tap issue at 101.
After settlement, which is expected to take place on April 16, there will be $220 million of the bonds outstanding.
Arctic Securities acted as manager for the add-on offering.
The shipping company is based in Oslo.
| Issuer: | American Tanker, Inc.
|
| Issue: | Senior bonds, add-on
|
| Amount: | $20 million
|
| Maturity: | July 2, 2025
|
| Manager: | Arctic Securities
|
| Coupon: | 7¾%
|
| Price: | 101
|
| Announcement date: | April 9
|
| Settlement date: | April 16
|
| Total issuance: | $220 million
|
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