- THE MAGAZINE
As we mentioned in the news release, "Debt Financing of Maersk VLCC Fleet Acquisition Completed," which Euronav announced the acquisition of 15 Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore Pte Ltd. for a total acquisition price of $980 million, the company now announces that the meeting of shareholders has approved a $300,000,000 capital increase against issuance of 32,841,528 new shares.
|Total subscribed capital (USD)||$94,388,158.23||$130,084,009.11|
|Total number of ordinary shares in issue (with voting rights)*||86,840,658||119,682,186|
|Total number of outstanding convertible bonds maturing 2015||250||250|
|Total number of outstanding convertible bonds maturing 2018||57||57|
|Total number of outstanding perpetual convertible preferred security||30||30|
*Of which 1,750,000 shares are treasuring shares
All other points on the agenda of the shareholders’ meeting were also approved.
Following the $50 million capital increase that took place on Jan. 13, 2014, as well as the issue of a $235 million seven-year bond and the signing of a commitment letter for a $500 million senior secured credit facility earlier this month, this approval is the last step required for the full financing of the acquisition of the Maersk Tankers fleet.
The company further reports that on Feb. 20, 2014, it has successfully taken delivery of the first vessel from Maersk: the Nautilus.