Costamare Inc. Announces Public Offering of Series D Preferred Stock
May 06 2015 - 9:11AM
Business Wire
Costamare Inc. (the “Company”) (NYSE:CMRE) announced today that
it plans to offer its Series D Cumulative Redeemable Perpetual
Preferred Stock, par value $0.0001 per share, liquidation
preference $25.00 per share (the “Series D Preferred Stock”)
to the public. In connection with the offering, the Company intends
to grant the underwriters a 30-day option to purchase additional
shares of the Series D Preferred Stock. Following the
offering, the Company intends to file an application to list the
Series D Preferred Stock on the New York Stock Exchange.
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 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,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY 10014, telephone: 1-866-718-1649, email:
prospectus@morganstanley.com, UBS Securities LLC, Attention:
Prospectus Specialist, 299 Park Avenue, New York, New York, 10171,
telephone: (888) 827-7275, Credit Suisse Securities (USA) LLC, One
Madison Avenue, New York, NY 10010, Attn: Prospectus Department,
email: newyork.prospectus@credit-suisse.com, telephone:
1-800-221-1037, J.P. Morgan Securities LLC, Attention:
Investment Grade Syndicate Desk, 383 Madison Avenue, New York, NY
10179, telephone: 1-212-834-4533 and Stifel, Nicolaus &
Company, Incorporated, Attention: Syndicate Department,
1 South Street, 15th Floor, Baltimore, MD 21202, email:
syndprospectus@stifel.com, telephone: 1-855-300-7136.
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 41 years
of history in the international shipping industry and a fleet of 69
containerships, with a total capacity of approximately 458,000 TEU,
including ten newbuild containerships on order. Fourteen of our
containerships, including ten newbuilds, have been acquired
pursuant to the Framework Agreement with York Capital Management by
vessel-owning joint venture entities in which we hold a minority
equity interest. The Company’s common stock, Series B Preferred
Stock and Series C Preferred Stock trade on the New York Stock
Exchange under the symbols “CMRE”, “CMRE PR B” and
“CMRE PR C”, respectively.
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 Costamare’s belief
regarding future results, many of which, by their nature, are
inherently uncertain and outside of Costamare’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 Costamare Inc.’s
Annual Report on Form 20-F (File No. 001-34934) under the caption
“Risk Factors”.
Company:Costamare Inc., Athens, GreeceGregory Zikos -
Chief Financial OfficerKonstantinos Tsakalidis - Business
DevelopmentTel: (+30) 210-949-0050Email: ir@costamare.comorInvestor
Relations:Allison + Partners, New YorkGus OkwuTelephone: (+1)
646-428-0638Email: costamare@allisonpr.com
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