The US-listed shipowner, who launched the fund raiserlast month, said it sold a total of 12.6m shares ata price of $7.30 each.
The amount raised included an additional $12m as a resultof underwriters’ exercising in full an option to purchase 1.65m shares.
Morgan Stanley, UBS Securities andWells Fargo Securities acted as joint book-running managers of the offering.
Clarkson Capital Markets, DVBCapital Markets and Brock Securities LLC acted as co-managers for the offering.
The shipowner says net proceeds from the fund raiserwill go towards vessel acquisitions and for general corporate purposes.
