American Shipping Company ASA hires financial advisors
October 13 2016 - 2:45AM
Lysaker, 13 October 2016 - American Shipping
Company ASA ("AMSC", ticker AMSC) is exploring options in respect
of refinancing its existing unsecured bond issue maturing in
February 2018. AMSC has engaged Arctic Securities, Clarksons
Platou Securities, Pareto Securities and SEB as its financial
advisors, in this regard.
This information is subject to the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.
Company contact:
Pål Lothe Magnussen,
Chief Executive Officer, American Shipping Company ASA
+47 24 13 00 03
Morten Bakke
Chief Financial Officer, American Shipping Company ASA
+47 24 13 00 87
***
About American Shipping Company ASA:
Established in 2005 and listed on the OSE, AMSC is
a ship owning company with nine modern handy size product tankers
and one modern handy size shuttle tanker on long term bareboat
charter with Overseas Shipholding Group (OSG). OSG charters
the vessels out on time charters to major oil companies in the U.S.
coastwise Jones Act trade. AMSC has a significant contract
backlog as well as a profit sharing agreement with OSG which offers
visibility with respect to future earnings and cash flows.
Further information is available at
www.americanshippingco.com.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: American Shipping Company ASA via
Globenewswire
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