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Published on 6/15/2007 in the Prospect News Convertibles Daily and Prospect News High Yield Daily.

Stealthgas files $200 million shelf

By Susanna Moon

Chicago, June 14 - Stealthgas Inc. registered to sell up to $200 million of securities and $108.8 million of stock in an F-3 filing with the Securities and Exchange Commission.

Covered by the shelf are debt securities, warrants, contracts, units, common stock and preferred stock. Selling shareholders also could sell up to 6.4 million shares of common stock.

Proceeds will be used for general corporate purposes.

The company owns a fleet of liquefied petroleum gas carriers and is based in Athens, Greece.


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