Simpson Thacher Represents Goldman Sachs in Equity Offering by Overseas Shipholding Group, Inc.
03.11.10
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Simpson Thacher represented Goldman, Sachs & Co. in connection with a public offering of common stock by Overseas Shipholding Group, Inc. Goldman, Sachs & Co. acted as the underwriter for the offering of 3,500,000 shares that resulted in proceeds of approximately $159 million. Overseas Shipholding Group’s shares are listed on The New York Stock Exchange under the symbol “OSG”.
Overseas Shipholding Group, Inc. is one of the world’s leading bulk shipping companies engaged primarily in the ocean transportation of crude oil and petroleum products.
The Simpson Thacher team for this transaction included Gary Sellers, Max Kirchner and Sunny Cheong (Securities); Jonathan Cantor and Chang Won Choi (Tax); Michael Isby (Environmental); and Andrew Pagliughi and Jennie Getsin (Blue Sky). Abram Ellis assisted with regard to certain U.S. regulatory matters. Paralegal Mark Rapisarda also provided valuable assistance.