Ship Finance files $500 million shelf

By Devika Patel

Knoxville, Tenn., March 24 - Ship Finance International Ltd. filed a $500 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

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

The securities may be structured as convertibles.

The New York-based ship owner will use the proceeds for capital expenditures, debt repayment, working capital, acquisitions and general corporate purposes.

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