Nordic American Tanker Shipping Ltd. (NAT) - (NYSE: NAT) Announces Public Offering of Common Shares
2005年2月16日 - 10:55PM
PRニュース・ワイアー (英語)
Nordic American Tanker Shipping Ltd. (NAT) - (NYSE: NAT) Announces
Public Offering of Common Shares HAMILTON, Bermuda, Feb. 16
/PRNewswire-FirstCall/ -- Nordic American Tanker Shipping Ltd. (the
"Company") today announced that it is commencing a public offering
of 3,500,000 common shares pursuant to the Company's effective
shelf registration statement. Bear, Stearns & Co. Inc. and UBS
Investment Bank will act as joint bookrunning managers and DnB NOR
Markets, Inc. will act as a co-manager. The Company will grant the
underwriters an option to purchase an additional 525,000 common
shares to cover any over-allotments, exercisable within 30 days.
The net proceeds of this offering will be used to repay any amounts
borrowed under the Company's senior secured credit facility to
finance the acquisition of two additional Suezmax tankers that the
Company has agreed to purchase, to pay the remaining balance of the
aggregate purchase price of the two additional Suezmax tankers and
for general corporate purposes, including any future vessel
acquisitions. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any
sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any state. The offering
will be made only by means of a prospectus and related prospectus
supplement. A prospectus and the related prospectus supplement
related to the offering will be filed with the Securities and
Exchange Commission. When available, copies of the prospectus
relating to the offering may be obtained from the offices of Bear,
Stearns & Co. Inc. at 383 Madison Avenue, New York, New York
10179, Attention: Prospectus Department and UBS Investment Bank at
299 Park Avenue, New York, New York, 10171, Attention: Syndicate
Desk. The Company is an international tanker company that owns four
modern double-hull Suezmax tankers. The Company expects to take
delivery of the two additional Suezmax tankers it has agreed to
purchase in late March 2005. CAUTIONARY STATEMENT REGARDING
FORWARD-LOOKING STATEMENTS Matters discussed in this press release
may constitute forward-looking statements. The Private Securities
Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business. Forward-
looking statements include statements concerning plans, objectives,
goals, strategies, future events or performance, and underlying
assumptions and other statements, which are other than statements
of historical facts. The Company desires to take advantage of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 and is including this cautionary statement in
connection with this safe harbor legislation. The words "believe,"
"anticipate," "intend," "estimate," "forecast," "project," "plan,"
"potential," "will," "may," "should," "expect," "pending" and
similar expressions identify forward-looking statements. The
forward-looking statements in this press release are based upon
various assumptions, many of which are based, in turn, upon further
assumptions, including without limitation, our management's
examination of historical operating trends, data contained in our
records and other data available from third parties. Although we
believe that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond our control, we cannot assure you that we
will achieve or accomplish these expectations, beliefs or
projections. We undertake no obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise. Important factors that, in our view,
could cause actual results to differ materially from those
discussed in the forward-looking statements include the strength of
world economies and currencies, general market conditions,
including fluctuations in charter rates and vessel values, changes
in demand in the tanker market, as a result of changes in OPEC's
petroleum production levels and world wide oil consumption and
storage, changes in our operating expenses, including bunker
prices, drydocking and insurance costs, the market for our vessels,
availability of financing and refinancing, changes in governmental
rules and regulations or actions taken by regulatory authorities,
potential liability from pending or future litigation, general
domestic and international political conditions, potential
disruption of shipping routes due to accidents or political events,
vessels breakdowns and instances of off- hires and other important
factors described from time to time in the reports filed by the
Company with the Securities and Exchange Commission, including the
prospectus and related prospectus supplement, our Annual Report on
Form 20-F, and our reports on Form 6-K. Contacts: Scandic American
Shipping Ltd Manager for Nordic American Tanker Shipping Ltd. P.O.
Box 56 3201 Sandefjord Norway Tel: + 47 33 42 73 00 E-mail:
Web-site: http://www.nat.bm/ Rolf Amundsen Chief Financial Officer
Nordic American Tanker Shipping Ltd. Tel: +1 800 601 9079 or + 47
908 26 906 Gary Wolfe Seward & Kissel LLP, New York, USA Tel:
+1 212 574 1223 Herbjorn Hansson Chairman & CEO Nordic American
Tanker Shipping Ltd. Tel: +1 866 805 9504 or + 47 901 46 291
DATASOURCE: Nordic American Tanker Shipping Ltd. CONTACT: Scandic
American Shipping Ltd, Manager for Nordic American Tanker Shipping
Ltd., +47-33-42-73-00, ; Rolf Amundsen, Chief Financial Officer,
1-800-601-9079 or +47-908-26-906, or Herbjorn Hansson, Chairman
& CEO, 1-866-805-9504 or +47-901-46-291, both of Nordic
American Tanker Shipping Ltd.; Gary Wolfe, Seward & Kissel LLP,
New York, USA, +1-212-574-1223 Web site: http://www.nat.bm/
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