HAMILTON, Bermuda, Nov. 22, 2013 (GLOBE NEWSWIRE) -- Nordic American Tankers Ltd. (the "Company") today announced the pricing of its previously announced underwritten public offering. The Company agreed to sell 8,125,000 common shares at a public offering price of $8.00 per share. The common shares are being offered pursuant to the Company's effective shelf registration statement. The Company's Chairman and Chief Executive Officer, Mr. Herbjørn Hansson is expected to purchase 250,000 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 has granted the underwriters a 30-day option to purchase up to an additional 1,218,750 common shares. The Company expects to close the sale of the common shares on November 27, 2013, subject to customary closing conditions.
Nordic American Tankers Limited (NYSE:NAT) Announces Pricing Of Follow-On Offering
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