Lysaker, 24 May 2017, American Shipping Company ASA ("AMSC or the "Company") announces results for first quarter ending 31 March 2017.
AMSC CEO, Pål Magnussen comments, "We are pleased to have completed the refinancing of all our outstanding debt with the USD 220 million senior unsecured bond placement completed in Q1 2017, which followed the senior secured debt refinancing concluded in Q4 2015. These actions, combined with our Jones Act leasing platform, allow us to shift our attention to growth and diversification. We continue to evaluate new opportunities in the Jones Act market, with the aim to create accretive transactions and grow shareholder value".
The full report is attached, along with the Q1 presentation.
Pål Magnussen, Chief Executive Officer
+47 24 13 00 04
Morten Bakke, Chief Financial Officer
+47 24 13 00 87
Leigh Jaros, Business Controller / Finance Manager
+1 484 880 3741
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.