Costamare Inc. Announces Public Offering of Common Stock
October 15 2012 - 4:31PM
Business Wire
Costamare Inc. (the “Company”) (NYSE: CMRE) announced today that
it plans to offer 7,000,000 shares of its common stock. Members of
the Konstantakopoulos family, who in the aggregate own a majority
of the common stock of the Company, have indicated their intention
to purchase up to 700,000 shares in the offering. In connection
with the offering, the Company intends to grant the underwriters a
30-day option to purchase up to 1,050,000 additional shares of its
common stock.
The Company plans to use the net proceeds of the offering for
capital expenditures, including vessel acquisitions, and for other
general corporate purposes, which may include repayments of
indebtedness.
Morgan Stanley & Co. LLC and Goldman, Sachs & Co. are
acting as joint book-running managers of the offering, which will
be made under an effective shelf registration statement.
The offering is being made only by means of a prospectus
supplement and accompanying base prospectus. When available, the
prospectus supplement and accompanying base prospectus relating to
the offering may be obtained from Morgan Stanley & Co. LLC, 180
Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus
Department, email: prospectus@morganstanley.com, or Goldman, Sachs
& Co., 200 West Street, New York, NY 10282, telephone: (866)
471-2526 or email: prospectus-ny@ny.email.gs.com.
This release does not constitute an offer to sell, or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
About Costamare Inc.
Costamare Inc. is one of the world’s leading owners and
providers of containerships for charter. The Company has 37 years
of history in the international shipping industry and a fleet of 57
containerships, with a total capacity of approximately 329,000 TEU,
including 10 newbuilds on order. The Company’s common shares trade
on the New York Stock Exchange under the symbol “CMRE.”
Forward-Looking Statements
This press release contains “forward-looking statements.” In
some cases, you can identify these statements by forward-looking
words such as “believe”, “intend”, “anticipate”, “estimate”,
“project”, “forecast”, “plan”, “potential”, “may”, “should”,
“could” and “expect” and similar expressions. These statements are
not historical facts but instead represent only the Company’s
belief regarding future results, many of which, by their nature,
are inherently uncertain and outside of the Company’s control. It
is possible that actual results may differ, possibly materially,
from those anticipated in these forward-looking statements. For a
discussion of some of the risks and important factors that could
affect future results, see the discussion in the Company’s Annual
Report on Form 20-F (File No. 001-34934) under the caption “Risk
Factors.”
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