The Greek owner is now eyeing $300m from the privateplacement of 9.625% first preferred ship mortage notes due 2022.
Eletson has priced the notes at 98.617%, the middle of the rangeguidance, and expects to close the sale on 19 December, it said today.
Proceeds will be used to fund product tanker acquisitions,refinance existing debt and for general corporate purposes.
Costis Kertsikoff, chief executive officer of EletsonCorporation, said: “This is a great opportunity for Eletson to capitalize on thefavourable trends in the product tanker market.
“Twelve
