Costamare Plans to Sell Up to $300 Million in US Stocks

Costamare filed a shelf registration statement with U.S. market regulators to enable the Greek containership charter owner to sell up to $300 million of stock.

The statement filed with the Securities and Exchange Commission only covers new stock as members of the controlling Konstantakopoulos family do not currently intend to sell any of their shares.

When the statement becomes effective, the NYSE-listed company can sell up to $300 million of its securities consisting of common stock, preferred stock, debt securities, warrants, rights and units.

The Athens-based company owns 57 containerships, including 10 new buildings on order and one second-hand vessel to be delivered, with an aggregate capacity of 327,000 20-foot equivalent units.

-- Contact Bruce Barnard at brucebarnard47@hotmail.com.