HAMILTON, Bermuda, Nov. 21, 2013 (GLOBE NEWSWIRE) -- Nordic American Tankers Limited (the "Company") today announced an underwritten public offering of approximately $65 million aggregate amount of common shares pursuant to the Company's effective shelf registration statement. The Company's Chairman and Chief Executive Officer, Mr. Herbjørn Hansson is expected to purchase about $2.0 million worth of common shares in the offering on the same terms as other investors. Morgan Stanley & Co. LLC is acting as the bookrunning manager for the offering and DNB Markets Inc. and Pareto Securities Inc. are acting as co-managers of the offering. The Company also intends to grant the underwriters a 30-day option to purchase additional common shares representing up to 15% of the offered shares.
Nordic American Tankers Limited (NYSE:NAT) Announces Public Offering
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