Ina statement released after the close New York-listed Safe said it priced 2million 8% Series C Cumulative Redeemable Perpetual Preferred Shares at $25.00a piece.
Whilethe owner anticipates gross proceeds of approximately $50m it also noted underwriterswere given a 30-day option to acquire up to an additional 300,000 shares.
“The company plans to use the net proceeds of the public offering for vesselacquisitions, capital expenditures and for other general corporate purposes,which may include repayment of indebtedness,” it added in the late-breakingannouncement.
If
