Simpson Thacher represented the underwriter, Morgan Stanley & Co. LLC, in connection with a public offering of 8,000,000 shares of common stock by Ship Finance International Limited (“Ship Finance”). A total of approximately $128.7 million in net proceeds was raised in the offering.
Ship Finance is a global international ship-owning company with one of the largest and most diverse asset bases across the maritime and offshore industries. Ship Finance owns or operates 61 vessels and drilling units across the tanker, drybulk, car carrier, container and offshore sectors. Ship Finance’s common stock is listed on the New York Stock Exchange under the ticker symbol “SFL.”
The Simpson Thacher team for the transaction included Gary Sellers, Lauren Yoon, Ryan Song and Luis Pellerano (Capital Markets), Jonathan Cantor and Adam Wells (Tax), Michael Isby (Environmental), Jennifer Pepin (Executive Compensation and Employee Benefits), Nicholas Goldin and David Caldwell (Regulatory), and Jennie Getsin (FINRA and Blue Sky). Summer Associate Alexander Lebow also provided valuable assistance.