Announcements
Nov. 18, 2009

Kramer Levin Client General Maritime Completes High-Yield Debt Offering

Kramer Levin client General Maritime Corporation announced on November 12 that it had completed the issuance of $300 million of its 12% senior notes due 2017 in a privately-placed offering.

The Kramer Levin team was comprised of Thomas E. Molner, Terrence L. Shen, Jonathan B. Vessey and Madelyn Dorman, with assistance from Adam S. Karasik, Fabien Carruzzo, and Michael L. Kreiner (Corporate), Kenneth Chin (Banking and Finance), and Barry Herzog (Tax).

General Maritime Corporation is a leading provider of international seaborne crude oil transportation services. General Maritime also provides transportation services for refined petroleum products. General Maritime's vessels operate principally within the Atlantic basin, which includes ports in the Caribbean, South and Central America, the United States, West Africa, the Mediterranean, Europe and the North Sea. General Maritime also currently operates tankers in other regions including the Black Sea and the Far East. General Maritime owns a fully double-hull fleet of 31 tankers – two Very Large Crude Carriers, 12 Aframax, 11 Suezmax tankers, two Panamax and four Handymax product tankers – with a total carrying capacity of approximately 4.0 million dwt.

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