The acquisition bill will be paid with a $500 million debt facility and $235 million in mezzanine financing, Euronav said, without giving further details.
Euronav said it will also raise $50 million by issuing shares around January 10 and will ask shareholders in February to approve issuing a further $300 million in shares.
The group said BHR Capital, Glendon Capital Management, GoldenTree Asset Management, Solus Alternative Asset Management, and York Capital Management Global Advisors would subscribe to the capital increases. (Reporting by Robert-Jan Bartunek; editing by John O’Donnell)
The U.S. Coast Guard is warning vessel owners and operators of the hazards associated with water and other contaminants in marine fuel systems. The Coast Guard’s Inspections and Compliance Directorate...
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