Subscribe to RSS feedGenco to fund bulker buys in parallel play
by
Rajesh Joshi, New York
—
last modified
Aug 13, 2010 04:21 PM
GENCO Shipping & Trading has unveiled parallel fund-raising efforts that could raise up to US$525m.
The package comprises a follow-on share offering and a convertible bond issue that collectively stand to provide the company with up to US$170m.
This would add to a US$353m secured term loan bearing interest at the London Interbank Offered Rate...
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