OSG files statement to raise up to $500 million
New York-based tanker shipping operator Overseas Shipholding Group, Inc. has filed a registration statement with the U.S. Securities and Exchange Commission to raise up to $500 million of debt and stock.
Overseas Shipholding Group said it expects to use the net proceeds from any offering of the securities “for general corporate purposes.”
The statement also provides for the sale from time to time by certain selling shareholders of up to 1.6 million shares of common stock.