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Knightsbridge files $120 million shelf for stock, debt and preferreds
By Devika Patel
Knoxville, Tenn., Dec. 24 - Knightsbridge Tankers Ltd. filed a $120 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.
The securities may be structured as convertibles.
Proceeds will be used for capital expenditures, for working capital, to make vessel acquisitions and for general corporate purposes.
The international tanker company is based in Hamilton, Bermuda.
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