Gener8 Maritime has positioned itself to sell securities worth up to $500m, according to a filing to US financial regulators.
The New York-listed tanker owner’s filing with the US Securities and Exchange Commission (SEC) said it may periodically offer common shares, preferred shares, debt securities and warrants.
Net proceeds from the sale of the securities will go towards general corporate purposes, including capital expenditures, working capital, repayment or reduction of long-term and short-term debt and the financing of acquisitions and other business combinations, it said.
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