International Shipholding to Offer Series A Cumulative Redeemable Perpetual Preferred Shares
International Shipholding Corporation (NYSE: ISH) today announced that it plans to offer shares of its Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Shares”) in an underwritten registered public offering.
ISH intends to use the net proceeds from the offering for general corporate purposes, including working capital and potential deployments of currently inactive vessels. Following the offering, ISH intends to file an application to list the Series A Preferred Shares on the New York Stock Exchange.
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