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Published on 9/27/2011 in the Prospect News Convertibles Daily, Prospect News Investment Grade Daily and Prospect News Preferred Stock Daily.

Euroseas files $400 million shelf covering stock, preferreds and debt

By Devika Patel

Knoxville, Tenn., Sept. 27 - Euroseas Ltd. filed a $400 million shelf registration in an F-3 filing with the Securities and Exchange Commission.

The registration covers common shares, preferred shares, debt securities, warrants, purchase contracts and units.

Proceeds will be used to make vessel acquisitions and for capital expenditures, debt repayment, working capital and general corporate purposes.

Euroseas is a Maroussi, Greece-based owner and operator of drybulk and container vessels.


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