Senior Notes Offerings, Bulk Carrier Purchases, VLCC Sales, and Annual General Meeting Schedule - Analyst Notes on DryShips, NewLead, Scorpio Tankers, Knightsbridge, and GasLog
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NEW YORK, March 19, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding DryShips Inc. (NASDAQ: DRYS), NewLead Holdings Ltd. (NASDASQ: NEWL), Scorpio Tankers Inc. (NYSE: STNG), Knightsbridge Tankers Limited (NASDAQ: VLCCF), and GasLog Ltd. (NYSE: GLOG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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DryShips Inc. Analyst Notes
On March 14, 2014, DryShips Inc. (DryShips) announced that its subsidiary Ocean Rig UDW Inc. (Ocean Rig) intends to offer $500.0 million in aggregate principal amount of senior notes due 2019. The Company informed that the net proceeds from the offering of the Notes, together with other available funds, are intended for use by Ocean Rig for funding the repurchase or redemption of its 9.5% Senior Unsecured Notes due 2016, and for payment of related fees and expenses. The Company stated that the notes will be put forward in a private offering within the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to certain other persons
outside of the United States in reliance on Regulation S under the Securities Act. The full analyst notes on DryShips Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03192014/DRYS/report.pdf
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NewLead Holdings Ltd. Analyst Notes
On March 14, 2014, NewLead Holdings Ltd. (NewLead) announced that it has executed definitive agreements for the acquisition of two eco-type 31,800 dwt, Handysize bulk carriers built in 2012 for a total acquisition price of $37.0 million. The Company expects the delivery of the two eco-type vessels by the end of June 2014 and July 2014. NewLead stated that it intends to finance the acquisition of the two vessels through the combination of proceeds from its recent preferred shares issuance, and its previously announced 75% debt financing. The Company paid a deposit of $1.85 million to the acquisition price on March 11, 2014, and expects to pay the remaining $7.4 million (not subject to the debt financing) in instalments after the delivery of the vessels. The full analyst notes on NewLead Holdings Ltd. are available to download free of charge at:
http://www.AnalystsReview.com/03192014/NEWL/report.pdf
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Scorpio Tankers Inc. Analyst Notes
On March 14, 2014, Scorpio Tankers Inc. (Scorpio Tankers) announced that it has entered into an agreement whereby it will sell its seven Very Large Crude Carriers (VLCCs) under construction for cash and record gain of approximately $500.0 million. The Company expects the transaction to close by the end of March 2014, subject to the execution of definitive agreements and satisfaction of customary closing conditions. The full analyst notes on Scorpio Tankers Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03192014/STNG/report.pdf
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Knightsbridge Tankers Limited Analyst Notes
On March 10, 2014, Knightsbridge Tankers Limited (Knightsbridge) and Frontline 2012 Ltd. (Frontline 2012), announced that the duos along with Karpasia Shipping Inc. (Karpasia), have agreed for Knightsbridge to acquire five fuel efficient 180,000 DWT Capesize bulk carrier newbuildings from Frontline 2012 and one Capesize bulk carrier built in 2013 from Karpasia. Knightsbridge has agreed to pay $61 million for each of the five Frontline Capesize newbuildings and $55 million for the Capesize built in 2013. The newbuildings from Frontline 2012 are expected to be delivered between May 2014 and September 2014. By the end of September 2014, Knightsbridge expects to have ten Capsizes on the water, with four newbuildings expected to be delivered in 2015. The full analyst notes on Knightsbridge Tankers Limited are available to download free of charge at:
http://www.AnalystsReview.com/03192014/VLCCF/report.pdf
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GasLog Ltd. Analyst Notes
On February 28, 2014, GasLog Ltd. (GasLog) announced that its Board of Directors has called an annual general meeting to be held on May 13, 2014 in Monaco. The Company informed that shareholders of record at the close of business on March 21, 2014 will be entitled to receive notice of, and to vote at, the annual general meeting as well as any adjournments or postponements thereof. The full analyst notes on GasLog Ltd. are available to download free of charge at:
http://www.AnalystsReview.com/03192014/GLOG/report.pdf
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