OSG Closes Public Offering of Senior Notes

Overseas Shipholding Group ("OSG") has closed the sale of $300 million aggregate principal amount of 8.125% senior unsecured notes due 2018. The net proceeds from the sale of the Notes are estimated to be approximately $289.8 million (after deducting underwriting discounts and commissions and estimated expenses).

OSG intends to use the net proceeds from the offering of the Notes to reduce outstanding indebtedness under its unsecured revolving credit facility.


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 Company: Overseas Shipholding Group (OSG)more info
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