OMI raises $250 million, buys back own stock
Stamford, Conn.-based OMI Corp., a tanker shipping company, said Wednesday it has raised another $25 million in convertible senior notes, bringing the total raised through senior notes to $250 million in principal amount.
The company also said that, since the commencement of the note sales, it has bought back about 4.8 million of its own shares at a total cost of $100 million. OMI has 85.6 million shares of common stock outstanding.
OMI raises $250 million, buys back own stock
