General Maritime files statement to raise up to $500 million

General Maritime files statement to raise up to $500 million

   General Maritime Corp., the New York stock exchange-listed tanker shipowning company, has filed a statement with the U.S. Securities and Exchange Commission to allow it to sell up to $500 million in debt and stock, Reuters reported.

   Net proceeds from the transactions will be used for capital expenditures, debt repayment, working capital, acquisitions, and general corporate purposes, Reuters reported the company as saying.