- Category
- Announcements
- Date
- March 31, 2011
- Title
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Kramer Levin Represents General Maritime on Two Transactions Totaling $246 million
Kramer Levin represented General Maritime Corporation on two transactions announced on March 30 and 31, 2011.
On March 30, General Maritime announced that it had signed a credit agreement with an affiliate of private equity firm Oaktree Capital Management, L.P. for an investment in $200 million of Pay-in-Kind toggle floating rate secured notes of General Maritime, subject to fulfillment of closing conditions. The Kramer Levin team that represented General Maritime on the transaction consisted of partners Thomas E. Molner, Terrence L. Shen and Kenneth Chin, and associate Adam S. Karasik.
On March 31, General Maritime announced the pricing of its underwritten public offering of 23,000,000 shares of newly issued common stock at a price to the public of $2.00 per share. The company expects to receive net proceeds of approximately $43.5 million from the offering. The Kramer Levin team representing General Maritime on the public offering consisted of partners Thomas E. Molner and Christopher S. Auguste, and associate Carol Archer.
Related People
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Thomas E. Molner
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- Counsel
- Co-Chair, Equity Capital Markets and Public Companies
- New York
- vcard
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Christopher S. Auguste
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- Partner
- Chair, Diversity Committee; Co-Chair, Pro Bono Committee; Co-Chair, Equity Capital Markets and Public Companies
- New York
- vcard
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Kenneth Chin
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- Partner
- Chair, Banking and Finance
- New York
- vcard
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Terrence L. Shen
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- Partner
- New York
- vcard
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