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TBS files $500 million shelf registration for debt, stock, preferreds
By Devika Patel
Knoxville, Tenn., Sept. 10 - TBS International Ltd. filed a $500 million shelf registration in an S-3 filing with the Securities and Exchange Commission.
The registration covers debt securities, class A common shares, preference shares, depositary shares and warrants, along with 10 million common shares to be offered by selling shareholders.
The preferreds and debt may be structured as convertibles.
Proceeds will be used for general corporate purposes.
TBS is a Hamilton, Bermuda-based ocean transportation services company.
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