Amex-listed Excel Maritime Carriers has filed a prospectus for the issuance of 2.2 million shares of common stock in connection with its purchases of two handymaxes and two panamaxes.
In a subsequent filing today, underwriter Cantor Fitzgerald specifies that the aggregate sales price is not to exceed $32.11m.
The purchase price of the ships is given as $94.77m.
The move follows a shelf registration last month clearing the way for the issuance of up to $200m worth of new common stock and a bank loan of up to $25m announced last week for the purchase of three of the vessels.
Excel's
