• Home
  • News
  • Costamare announces pricing of its 8.75% Series D preferred stock
  • 2015 May 8 12:57

    Costamare announces pricing of its 8.75% Series D preferred stock

    Costamare Inc. (the “Company”) (NYSE: CMRE) on May 6 announced that its offering of 4,000,000 shares of its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share, liquidation preference $25.00 per share (the “Series D Preferred Stock”), was priced at $25.00 per share.  The Company has also granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of the Series D Preferred Stock.  Dividends will be payable on the Series D Preferred Stock at a rate of 8.75% per annum of the stated liquidation preference.  Following the offering, the Company intends to file an application to list the Series D Preferred Stock on the New York Stock Exchange.
     
    The gross proceeds from the offering, assuming the underwriters do not exercise their option, before the underwriting discount and other offering expenses are expected to be $100,000,000.  The Company plans to use the net proceeds of the offering for general corporate purposes, including making vessel acquisitions or investments.
     
    Morgan Stanley & Co. LLC, UBS Securities LLC, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Stifel are acting as joint book-running managers of the offering, which will be made under an effective shelf registration statement.
     
    The offering is expected to close on or about May 13, 2015.

    Costamare Inc. is a leading international owner of containerships. With a fleet of vessels ranging from about 1,000 TEUs to about 9,500 TEUs capacity, Costamare Inc. serves ocean carriers that demand a high standard of safety and reliability and are, in most cases, among the world's largest liner companies. Costamare Inc. and its predecessors draw on a history of more than 37 years in transportation of goods by sea, with more than 27 years of these in container transportation.


2022 January 17

19:02 Thyssenkrupp plans to spin off electrolyser business
18:16 Konecranes delivers three more Rail-Mounted Gantry cranes to Port of Virginia
18:00 Gazprom experts join editorial advisory board of PortNews’ magazine Hydrotechnika
17:46 ICTSI Subic welcomes Wan Hai’s consolidated service
17:33 Average spot market price for Russian M100 product rose to RUB 26,989 pmt
17:26 ICS and IRENA sign a Partnership Agreement to support the decarbonisation of the shipping sector
17:14 Concordia Maritime sells P-MAX vessel
16:51 Passenger Terminal Amsterdam expands business by adding river cruise under the new name Cruise Port Amsterdam
16:31 Ballastwater Equipment Manufacturers’ Association recognized by the IMO
16:04 ABP to construct a new ro-ro facility at the Port of Immingham
16:04 Maersk Tankers to launch decarbonisation hub
15:39 Throughput of port Vysotsk in 2021 fell by 9% Y-o-Y
15:14 The PAV and the València City Council collaborate in the installation of a pilot device for generating electricity from waves
14:57 Port of Ust-Luga throughput in 2021 rose by 7% Y-o-Y
14:40 BPA selects the Dongwon New Port Container Terminal Consortiaum to operate the Busan New Port’s West Container Terminal
14:13 TotalEnergies, Green Investment Group and RIDG secure ScotWind leasing rights to develop a 2 GW windfarm in Scotland
14:00 Throughput of Port St. Petersburg climbed by 4% in 2021
13:38 APM Terminals Aarhus adds reefer plugs to meet record volumes
13:25 FESCO vessel set sails to Antarctica to supply Indian scientific stations
12:52 HPA and DAKOSY receive funding for digital test bed at Port of Hamburg
12:18 MTG supports V International Congress “Hydraulic Engineering Structures and Dredging” as its Sponsor
12:02 Bloomberg: Italy’s ferry operator Moby files for Chapter 15 bankruptcy
11:56 Port of Antwerp cargo throughput up 3.8% to 240 million tons in 2021
11:49 Vostochny Port increased its throughput by 14.4% over five years
11:07 Optimarin expands global sales team in market push for BWT retrofits and newbuilds
10:54 MABUX: Bunker price may increase on Jan 17
10:24 Dual-fuel ferry for Ust-Luga-Baltiysk line to arrive at Baltiysk soon
09:56 IAA PortNews’ summary of previous week news
09:30 Crude oil market sees moderate increase of prices
09:12 Baltic Dry Index as of January 14

2022 January 16

16:03 Norwegian Cruise Line introduces Norwegian VIVA
14:17 SCHOTTEL to supply propulsion systems for new Italian LNG bunkering vessel
13:38 Wilhelmsen Ship Management takes a majority stake in Ahrenkiel Tankers to strengthen its position in the tanker market
12:19 Simpson Spence Young acquires Anchor Shipbroking Inc.
11:02 Forever Oceans signs deal with Brazilian Gov't for world’s largest offshore concession for sustainable seafood production

2022 January 15

14:27 NGOs join local residents and First Nations in fight against toxic shipbreaking in British Columbia
13:02 Balk Shipyard joins forces with Zhongying
12:48 ENEOS and Marubeni to introduce an environmental-friendly fueled ethylene carrier
11:37 Offshore oil needs more shuttle tankers as volumes requiring transport set to rise by 35% this decade
10:52 CMA CGM announces inaugural call at Port of Wilmington in North Carolina

2022 January 14

18:36 Ernst Meyer appointed Torvald Klaveness CEO from April 1st, 2022
17:56 The Valencia Containerised Freight Index stabilises its growth with an increase of 4.14% in December
17:51 Some 700 samples of sea water and atmospheric air tested at CPC Marine Terminal sites near Novorossiysk in 2021
17:26 PSA container throughput up by 5.6 % to 91.5 mln TEUs in 2021
17:06 HHLA Sky and the HPA form technology partnership at the Port of Hamburg
16:35 Shell signs contract with thyssenkrupp for green hydrogen plant
16:15 Maersk launches new reefer train service between Algeciras and Marin
15:56 Throughput of Russian seaports in 2021 rose by 1.7% Y-o-Y
15:33 Port Vitino investor to announce design competition in Q1’2022
15:14 The newest Viking's ocean cruise ship floats out at the shipyard in Ancona
15:13 A.P. Møller - Mærsk announces revenue of USD 18.5bn for Q4 2021
15:00 Rosterminalugol handled 24.4 million tonnes of coal in 2021, down 8% YoY
14:46 Titan LNG collaborates with Corsica Linea on delivery of LNG and bioLNG in the Port of Marseille for Corsica Linea’s new Ro-Pax ferry
14:29 Throughput of Petersburg Oil Terminal fell by 2.2% in 2021
12:45 Russia's Main Department of State Expertise approves construction of LPG terminal in Primorsky Territory
12:23 Volvo Car Gent extends electric drive in North Sea Port
12:00 United Shipbuilding Corporation delivered 18 ships in 2021
11:48 Port of San Diego awards contract to double cruise ship shore power capability
11:17 A consortium of Japanese companies complete the “Joint Technological Development Programme for the Demonstration of Unmanned Ships”
10:56 Ships of RF Navy’s Pacific Fleet entered Indian port of Cochin