John Michael Radziwill’s GoodBulk is targeting $80m from a rights offering to help support a major capesize deal with CarVal.
Oslo-OTC listed GoodBulk has pointed the fundraiser at existing shareholders, with $18m in pre-commitments already received.
The issue, managed by Clarksons Platou Securities, will finance the acquisition of six vessels from CarVal.
GoodBulk announced in October it was moving for up to 13 capesizes from the Cargill-linked company in a move that saw the seller become a major shareholder in the shipowner.
