Costamare inc. announces public offering of common stock
Athens, greece--(business wire)--costamare inc. (the “company”) (nyse: cmre) announced today that it plans to offer 7,500,000 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 750,000 shares in the offering. in connection with the offering, the company intends to grant the underwriters a 30-day option to purchase up to 1,125,000 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 and bofa merrill lynch 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, 180 varick street, 2nd floor, new york, ny 10014, attn: prospectus department, email: prospectus@morganstanley.com or bofa merrill lynch, 4 world financial center, new york, ny 10080, attn: prospectus department, email:dg.prospectus_requests@baml.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. the company 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 56 containerships, with a total capacity of approximately 324,000 teu, including 10 newbuild containerships on order aggregating approximately 89,000 teu. 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.”
