Brief: American Shipping Company Says American Tanker Successful Close Of $200 Mln Bond Issue

Amsc ASA

17/06/2020 17:55

June 17 (Reuters) - American Shipping Company ASA
 AMSCA.OL :
    * AMERICAN SHIPPING COMPANY ASA - AMERICAN TANKER, INC.:
SUCCESSFUL CLOSE OF USD200M BOND ISSUE
    * AMERICAN SHIPPING COMPANY ASA - NEW BOND ISSUE HAS A
COUPON OF
7.75% AND A TENOR OF 5 YEARS
    * AMERICAN SHIPPING COMPANY ASA - NET PROCEEDS WILL BE USED
TO
REFINANCE OUTSTANDING BOND ISSUE WITH TICKER AMTI01 MATURING IN
FEBRUARY 2022
    * AMERICAN SHIPPING COMPANY ASA - SETTLEMENT IS EXPECTED TO
BE 2
JULY 2020 WITH FINAL MATURITY DATE EXPECTED TO BE 2 JULY 2025

Source text for Eikon:  ID:nWkr7vmNlv 
Further company coverage:  AMSCA.OL 

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