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General Maritime to raise $300 million in private placement

Oct 30, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: General Maritime Corp. (GMR)

General Maritime Corp., a US-based provider of seaborne crude oil transportation services, intends to raise $300 million worth of senior unsecured notes due 2017 in a private placement transaction. 

Deal Value (US$ Million) 300
Deal Type                Private Placement
Sub-Category             None
Deal Status              Announced: 2009-10-29

Deal Participants 

Target (Company)   General Maritime Corp.
Acquirer (Company) Undisclosed Investors

Deal Rationale

General Maritime intends to use the net proceeds of the proposed offering to repay outstanding borrowings under its bank credit facilities and for other general corporate purposes.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: General Maritime Corp. (GMR)


Related terms: bank, corporate, crude oil, Private Placement, transportation

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