Simpson Thacher recently represented the underwriters, Morgan Stanley & Co. LLC, DNB Markets, Inc. and Skandinaviska Enskilda Banken EB (publ), in connection with a follow-on offering by Nordic American Offshore Ltd. of 40,000,000 of its common shares. Nordic American Offshore also granted the underwriters a 30-day option to purchase up to 6,000,000 additional common shares. The offering raised gross proceeds of approximately $50 million. Nordic American Offshore’s common shares are listed on the New York Stock Exchange under the ticker symbol “NAO.”
Nordic American Offshore is an international platform supply vessel company with a fleet of ten vessels operating in the North Sea.
The Simpson Thacher team included Lesley Peng, Ryan Bekkerus, Sung Bum Cho, Tadashi Okamoto, Nicole Annunziato and Bassam Chain (Capital Markets); Jonathan Cantor and Drew Purcell (Tax); Jamin Koslowe and Samantha Steinfeld (Executive Compensation and Employee Benefits); Michael Isby (Environmental); and Jennie Getsin (FINRA and Blue Sky).