Nasdaq-quoted DLNG on Wednesdayannounced plans to sell 4.8 million units in a public offering backed byunderwriters that will be given an option to purchase an additional 720,000.
In a statement the operator saidproceeds from the fundraiser will be used to finance a portion of the purchaseprice of the 154,800-cbmArcticAurora (built 2013).
DLNG told investors that the balancewill likely be covered by cash from a new $340m senior secured revolving creditfacility, which will also be used to refinance $214.2m
