The Greek owner said it had placed 12.8m common units, including 1.1m to Evangelos Marinakis-backed sponsor Capital Maritime & Trading Corp, worth $121.98m.
Underwriters then exercised the option to purchase an additional 1.755m shares at the same price of $9.53 each, bringing proceeds to $133.32m.
But they could have taken up stock worth $18.3m.
The cash will be used to pre-pay quarterly instalments for 2016 and 2017 under credit facilities dating from 2007, 2008 and 2011.
UBS
