Simpson Thacher Represents Underwriters in Offering of Nordic American Tankers Common Shares
10.24.16
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Simpson Thacher recently represented the underwriters, led by Morgan Stanley & Co. LLC, in connection with a primary offering by Nordic American Tankers Limited of 12,650,000 of its common shares, including 1,650,000 common shares sold pursuant to the full exercise of the underwriters’ option to purchase additional shares. The offering raised gross proceeds of approximately $126.5 million. Nordic American Tanker’s common shares are listed on the New York Stock Exchange under the ticker symbol “NAT.”
Nordic American Offshore is an international tanker company with a fleet of 30 Suezmax tankers, one of which is to be delivered in the first quarter of 2017.
The Simpson Thacher team included Lesley Peng, Benjamin Heriaud and Jessie Chen (Capital Markets); Jonathan Cantor and Drew Purcell (Tax); Jamin Koslowe (Executive Compensation and Employee Benefits); Timothy Mulvihill (Environmental); and Jennie Getsin (FINRA and Blue Sky).