Frontline Enters Into $100 Million At-The-Market Equity Program
06.22.20
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The Firm represented Morgan Stanley in an SEC-registered at-the-market equity program pursuant to which shares of Frontline Ltd.’s (“Frontline”) (NYSE: FRO) common stock, having an aggregate sales price of up to $100 million, may be sold from time to time by Morgan Stanley, as sales agent.
Frontline is a shipping company engaged in the international seaborne transportation of crude oil.
The Simpson Thacher team included Lesley Peng and Hyo Min Kim (Capital Markets); Jonathan Cantor and Abigail Hopper (Tax); Michael Isby (Environmental); Larry Moss and Joo Hyun Lee (Executive Compensation and Employee Benefits); and Jennie Getsin (Blue Sky).