HAMILTON, Bermuda, April 11, 2014 (GLOBE NEWSWIRE) -- Nordic American Tankers Limited (the "Company") announced today that, in connection with its previously announced public offering of 12,000,000 common shares at a public offering price of $8.62 per share, the underwriters exercised in full the option granted to them by the Company and purchased an additional 1,800,000 common shares on the same terms on which the 12,000,000 common shares were sold to the underwriters. The Company also announced that the closing of the follow-on offering and the closing of the option to purchase additional shares took place simultaneously today. The common shares were offered pursuant to the Company's effective shelf registration statement. Morgan Stanley & Co. LLC acted as the bookrunning manager for the offering and Global Hunter Securities, LLC acted as co-manager of the offering.
Nordic American Tankers Limited (NYSE:NAT) Announces Underwriters' Exercise Of Option To Purchase Additional Shares And Closing Of Public Offering
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