Preferred Stock Offerings
By Ru Back Packer Staff, updated Thursday, February 1, 4:47 AM
Slide #293. International Shipholding Corporation — Preferred Stock Offering
||International Shipholding Corporation (ISH)
|Date of Pricing:
|Price Per Share:
|Preferred Stock Offering Details:
||International Shipholding Corporation (NYSE:ISH) today announced that it plans to offer shares of its Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Shares") in an underwritten registered public offering. --updated 7/25 - International Shipholding Corporation (NYSE:ISH) today announced that it has priced its $27.5 million public offering of shares of its Series B Cumulative Redeemable Perpetual Preferred Stock (the "Series B Preferred Shares") at $100 per share. This offering was upsized from $20.0 million based on strong demand.
International Shipholding is a holding company. Co. operates a fleet of U.S. and International Flag vessels that provide international and domestic maritime transportation services to commercial and governmental customers. Co. has operations in markets including international service between U.S. Gulf Coast, U.S. East Coast, and U.S. West Coast ports and ports in Mexico, the Middle East and the Far East, and domestic transportation services along the U.S. Gulf Coast and East Coast. Co. has six operating segments: Jones Act; Pure Car Truck Carriers; Dry Bulk Carriers; Rail-Ferry; Specialty Contracts; and Other. As of Dec 31 2014, Co. owned or operated a total of 54 ocean-going vessels.
Preferreds: ISH.PRA, ISH.PRB
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