Teekay offshoot Tanker Investments Ltd (TIL) is finished raising equity for the near term and will acquire its next handful of vessels with the remainder of its revolving credit facility.
That was the word this week from chief executive William Hung and chief financial officer Scott Gayton in an interview on the sidelines of Posidonia 2014.
Gayton acknowledged that TIL has heard some criticism that it has been overexuberant in its equity raising to date, which has yielded $425m in two Oslo offerings — first on the over-the-counter (OTC) market and then with a full exchange listing.
“We
