TBS International files papers to raise up to $300 million

TBS International files papers to raise up to $300 million TBS International Ltd., an operator of ‘tween deckers and dry bulk ships, has filed an S-3 registration statement with the U.S. Securities and Exchange Commission that would allow it to sell up to $300 million in securities.
   The Yonkers, N.Y.-based company gave no specific plans in the statement, but said funds raised would be used for general corporate purposes which could include debt repayment, acquisitions, additions to working capital, capital expenditures, investments in subsidiaries, acquisition of second-hand vessels and the acquisition or construction of new vessels.