The largest listed crude tanker specialist in the world will sell an initial $50m worth of stock to BHR Capital, Glendon Capital Management and Solus Alternative Asset Management, with GoldenTree Asset Management and York Capital Management supporting their second issue by the owner.
Euronav will use the equity alongside a second $300 share sale, $500m in soon to be finalised bank financing and $235m in mezzanine financing to complete the takeover, it announced today.
Consolidation
