Overseas Shipholding to launch $455 million term loan on Thursday

By Sara Rosenberg

New York, Feb. 7 – Overseas Shipholding Group Inc. is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch a $455 million senior secured term loan, according to a market source.

Goldman Sachs Bank USA is the bookrunner on the deal.

Proceeds will be used to amend and extend an existing term loan.

Overseas Shipholding is a Tampa, Fla.-based provider of transportation services for crude oil and refined products.

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