New York-listed NAT on Monday said it plans to finance the acquisition of up to four vessels with proceeds from the sale of 10 million common shares.
In a statement the Norwegian operator of 20 suezmaxes noted the public offering is backed by Morgan Stanley and Global Hunter Securities.
NAT said it intends to give the underwriters a 30-day option to purchase additional shares representing up to 15% of the total offered under the initial follow-on offering.
The
