In a prospectus filed with securities regulators the Greek bulker owner outlined a number of possibilities but admitted it's seeking “broad discretion” over the use of funds from the sale of notes if it decides to pull the trigger.
“We intend to use the net proceeds from our sale of notes in this offering for general corporate purposes,” the operator continued, adding:
“These general corporate purposes may include, among other things, additions to our working capital, capital expenditures, research and development, repayment of debt, repurchases of stock, or the financing of possible acquisitions and investments.”
The
