Safe Bulkers (SB) Files Shelf to Sell up to $300M in Stocks and Warrants
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Safe Bulkers, Inc. (NYSE: SB) announced today that it has filed a shelf registration statement on Form F-3 with the U.S. Securities and Exchange Commission.
The registration will allow Safe Bulkers to sell up to $300 million of its common stock, preferred stock, warrants and subscription rights. The terms of any offering under the shelf registration statement will be established at the time of such offering and will be described in a prospectus supplement filed with the SEC prior to completion of the offering.
"While the Company does not currently intend to offer securities registered pursuant to the registration statement, the registration statement provides the Company with greater flexibility to take advantage of favorable market conditions as they may arise," states Polys Hajioannou, Chairman and Chief Executive Officer.
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