Frontline (FRO) Announces Launching of $100M ATM Equity Offering
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FRO - Announces Launching of ATM Equity Offering
June 3, 2020 8:54 AM EDTFrontline Ltd. (NYSE: FRO) (Frontline or the Company)Â today announced the Company entered into an Equity Distribution Agreement dated June 3, 2020, with Morgan Stanley & Co. LLC (Morgan Stanley) for the offer and sale of up to $100.0 million of common shares of Frontline.
In accordance with the terms of the Equity Distribution Agreement, the Company may offer and sell its common shares at any time and from time to time through Morgan Stanley as its sales agent. Sales of the common shares, if any, will be made by means of ordinary brokers... More
