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Prospect News home > News index > List of issuers E > Headlines for Eletson Holdings Inc. > News item |
Eletson plans to price $290 million ship mortgage notes on Thursday
By Paul A. Harris
Portland, Ore., Dec. 10 - Eletson Holdings Inc. plans to price a $290 million offering of eight-year senior secured first-priority ship mortgage notes on Thursday, according to a syndicate source.
Jefferies LLC and DNB Markets are the joint bookrunners. Clarkson and Brock are the co-managers.
The Rule 144A and Regulation S for life notes come with four years of call protection.
Proceeds will be used to refinance debt and for general corporate purposes, including the acquisition of future vessels.
The prospective issuer is a Piraeus, Greece-based diversified industrial maritime transporter of refined oil products and liquefied petroleum gas.
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