Nordic American Tankers’ $110 Million Common Shares Offering


Simpson Thacher recently represented the underwriters, led by Morgan Stanley & Co. LLC, in connection with a primary offering by Nordic American Tankers Limited of 40,000,000 of its common shares.

The underwriters have also been granted a 30-day option to purchase up to an additional 6,000,000 shares. The offering raised gross proceeds of approximately $110 million. Nordic American Tankers’ common shares are listed on the New York Stock Exchange under the ticker symbol “NAT.”

Nordic American Tankers is an international tanker company with a fleet of 33 Suezmax tankers, three of which are to be delivered in 2018.

The Simpson Thacher team included Lesley Peng (Picture), Benjamin Heriaud and Eric Wisotsky (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).

Involved fees earner: Lesley Peng – Simpson Thacher & Bartlett; Benjamin Heriaud – Simpson Thacher & Bartlett; Eric Wisotsky – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Jamin Koslowe – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Morgan Stanley;

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Author: Ambrogio Visconti