<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Marine Money Archives &#187; J.P. Morgan</title>
	<atom:link href="http://www.marine-money.com/archive/tag/j-p-morgan/feed" rel="self" type="application/rss+xml" />
	<link>http://www.marine-money.com</link>
	<description>The Ship Finance Publication Of Record</description>
	<lastBuildDate>Mon, 16 Jan 2012 04:04:51 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.2.1</generator>
		<item>
		<title>Transocean goes All-In Raising $1.08 billion in Equity and $2.5 billion in Debt</title>
		<link>http://www.marine-money.com/archive/transocean-goes-all-in-raising-1-08-billion-in-equity-and-2-5-billion-in-debt</link>
		<comments>http://www.marine-money.com/archive/transocean-goes-all-in-raising-1-08-billion-in-equity-and-2-5-billion-in-debt#comments</comments>
		<pubDate>Thu, 15 Dec 2011 18:46:49 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Aker Drilling ASA]]></category>
		<category><![CDATA[Barclays Capital]]></category>
		<category><![CDATA[Canaccord Genuity]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[Credit Agricole]]></category>
		<category><![CDATA[Credit Suisse]]></category>
		<category><![CDATA[DnB Markets]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Mitsubishi UFJ]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Ole Slorer]]></category>
		<category><![CDATA[Scott Burk]]></category>
		<category><![CDATA[Standard Chartered]]></category>
		<category><![CDATA[Transocean Inc.]]></category>
		<category><![CDATA[Transocean Ltd]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11463</guid>
		<description><![CDATA[During the last days of November, Transocean Ltd re-jiggered its balance sheet through an equity follow-on offering and the issuance of serial bonds. First up was the follow-on offering for 26 million shares with a green shoe of a further 3.9 million shares. The offering was priced, through an accelerated bookbuilding process, at $40.50/share (based upon an exchange rate of CHF 0.9215/USD), a discount of 11.8% from the prior day’s closing price when the offering was announced. ]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/transocean-goes-all-in-raising-1-08-billion-in-equity-and-2-5-billion-in-debt/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Financing Newbuild Program #5 – Hornbeck Taps Equity Markets</title>
		<link>http://www.marine-money.com/archive/financing-newbuild-program-5-%e2%80%93-hornbeck-taps-equity-markets</link>
		<comments>http://www.marine-money.com/archive/financing-newbuild-program-5-%e2%80%93-hornbeck-taps-equity-markets#comments</comments>
		<pubDate>Thu, 01 Dec 2011 16:28:35 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Barclay’s Capital]]></category>
		<category><![CDATA[Capital One Southcoast]]></category>
		<category><![CDATA[Clarkson]]></category>
		<category><![CDATA[Eastern Shipbuilding Group]]></category>
		<category><![CDATA[Global Hunter]]></category>
		<category><![CDATA[Hornbeck Offshore Services Inc.]]></category>
		<category><![CDATA[Howard Weil]]></category>
		<category><![CDATA[IBERIA Capital]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Johnson Rice]]></category>
		<category><![CDATA[Pritchard Capital]]></category>
		<category><![CDATA[Simmons & Co.]]></category>
		<category><![CDATA[VT Halter Marine]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11355</guid>
		<description><![CDATA[On November 7th, Hornbeck Offshore Services Inc. announced its plans to build 16 U.S. flagged 300 class DP2 new generation offshore supply vessels, with options to build a further 16 for its upstream business. Exclusive of construction period interest, the aggregate cost of the first 16 vessels is estimated to be $720 million with deliveries scheduled during 2013 and 2014, which coincides with the delivery of approximately 145 incremental floaters and high specification jack-up rigs. The order was split equally between VT Halter Marine and Eastern Shipbuilding Group. This newbuilding program is the company’s eighth since its inception in 1997 and the fifth involving state of the art technologically advanced new generation OSVs.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/financing-newbuild-program-5-%e2%80%93-hornbeck-taps-equity-markets/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Teekay LNG Taps Equity Market</title>
		<link>http://www.marine-money.com/archive/teekay-lng-taps-equity-market</link>
		<comments>http://www.marine-money.com/archive/teekay-lng-taps-equity-market#comments</comments>
		<pubDate>Thu, 03 Nov 2011 15:47:21 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[ABN AMRO]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Credit Agricole]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[DnB NOR]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Maersk LNG]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[Teekay LNG Partners L.P.]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=11297</guid>
		<description><![CDATA[In the first shipping follow-on since last July, Teekay LNG Partners L.P., utilizing its $750 million shelf registration, announced, priced and successfully sold 5.5 million shares yesterday in an overnight offering raising $183.7 million. The offering, which went primarily into retail hands, was priced at $33.40/share, a discount of 3.47% from yesterday’s closing price of $34.60. According to data compiled by Jefferies, the price discount was tighter than the year to date average of 7.5% and last month’s 5% suggesting strong demand. Sales proceeds will be used to pre-fund the company’s portion of the equity purchase price of the Maersk LNG acquisition, or $146 million, with the remaining funds used for the repayment of outstanding debt under one of its credit facilities, maturing in August 2018, which bears interest at LIBOR + 0.55%. In addition to a green shoe of 825 thousand shares, the offering is not contingent on the closing of the Maersk transaction nor is the Maersk transaction contingent on the closing of this offering.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/teekay-lng-taps-equity-market/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hanjin Shipping Completes USD 150 million Convertible Issue</title>
		<link>http://www.marine-money.com/archive/hanjin-shipping-completes-usd-150-million-convertible-issue</link>
		<comments>http://www.marine-money.com/archive/hanjin-shipping-completes-usd-150-million-convertible-issue#comments</comments>
		<pubDate>Sat, 02 Jul 2011 04:35:57 +0000</pubDate>
		<dc:creator>rwong</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[Hanjin Shipping]]></category>
		<category><![CDATA[J.P. Morgan]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10715</guid>
		<description><![CDATA[Last Wednesday, South Korean carrier Hanjin Shipping raised USD 150 million from the sale of five year convertible bonds. The bonds were launched with a base issue size of USD 150 million, with a USD 50 million upsize option that can be exercised within the first 30 trading days. Sole bookrunner J.P. Morgan did not [...]]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/hanjin-shipping-completes-usd-150-million-convertible-issue/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Even Big Boys Get the Blues – A.P Moller-Maersk Bides Time</title>
		<link>http://www.marine-money.com/archive/even-big-boys-get-the-blues-%e2%80%93-a-p-moller-maersk-bides-time</link>
		<comments>http://www.marine-money.com/archive/even-big-boys-get-the-blues-%e2%80%93-a-p-moller-maersk-bides-time#comments</comments>
		<pubDate>Thu, 23 Jun 2011 14:49:33 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[A.P. Moller Maersk]]></category>
		<category><![CDATA[Barclays]]></category>
		<category><![CDATA[ING]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Mitsubishi]]></category>
		<category><![CDATA[Nordea]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10449</guid>
		<description><![CDATA[Market reports suggest that A.P Moller Maersk has postponed a planned EUR 1 billion bond issue due to poor market conditions. Led by Barclays, ING, J.P. Morgan, Mitsubishi and Nordea, the roadshow for the 10-year bond was to have begun on May 31 but never transpired. Analysts attribute the delay to a poor corporate bond market which is struggling with the Greek debt crisis among other issues.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/even-big-boys-get-the-blues-%e2%80%93-a-p-moller-maersk-bides-time/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>K-Sea Financing in Place – Kirby Taps Banks</title>
		<link>http://www.marine-money.com/archive/k-sea-financing-in-place-%e2%80%93-kirby-taps-banks</link>
		<comments>http://www.marine-money.com/archive/k-sea-financing-in-place-%e2%80%93-kirby-taps-banks#comments</comments>
		<pubDate>Thu, 16 Jun 2011 14:34:28 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Amegy Bank]]></category>
		<category><![CDATA[Bank of Texas]]></category>
		<category><![CDATA[BofA Merrill Lynch]]></category>
		<category><![CDATA[Branch Banking & Trust Company]]></category>
		<category><![CDATA[BTMU]]></category>
		<category><![CDATA[Comerica]]></category>
		<category><![CDATA[Compass Bank]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[K-Sea Transportation Partners L.P.]]></category>
		<category><![CDATA[Keybank]]></category>
		<category><![CDATA[Kirby Corporation]]></category>
		<category><![CDATA[Mizuho]]></category>
		<category><![CDATA[Northern Trust]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[Royal Bank of Canada]]></category>
		<category><![CDATA[U.S. Bank]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10430</guid>
		<description><![CDATA[On the last day of May, Kirby Corporation entered into a $540 million five-year unsecured floating rate term loan facility led by Wells Fargo, BofA Merrill Lynch and J.P. Morgan. Lenders include BTMU, Branch Banking &#038; Trust Company, Compass Bank, RBS, U.S. Bank, Amegy Bank, Bank of Texas, Comerica, Keybank, Mizuho, Northern Trust and Royal Bank of Canada. Proceeds of the loan will be to provide financing for Kirby’s acquisition of K-Sea Transportation Partners L.P., with the amount drawn dependent on the final breakdown of the merger consideration between stock and cash.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/k-sea-financing-in-place-%e2%80%93-kirby-taps-banks/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>OGX Discovers the Difference between Success and Failure – 100 bps</title>
		<link>http://www.marine-money.com/archive/ogx-discovers-the-difference-between-success-and-failure-%e2%80%93-100-bps</link>
		<comments>http://www.marine-money.com/archive/ogx-discovers-the-difference-between-success-and-failure-%e2%80%93-100-bps#comments</comments>
		<pubDate>Thu, 02 Jun 2011 14:34:13 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Barclays Capital]]></category>
		<category><![CDATA[Credit Suisse]]></category>
		<category><![CDATA[Eike Batista]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[Itau BBA]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Nomura]]></category>
		<category><![CDATA[OGX Petroleo e Gas]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10270</guid>
		<description><![CDATA[Last week, OGX Petroleo e Gas (“OGX”), a company controlled by Eike Batista, successfully issued $2.563 billion of 7-year senior unsecured notes in a 144A private placement. Due to strong investor interest, the deal was upsized from the original amount of $2 billion and priced at par to yield 8.5%. The spread was 611 bps over like term Treasuries reflecting Moody’s B1 credit rating. Proceeds will be used to fund the company’s expected production and development campaign and for general corporate purposes. When the net proceeds are added to cash on hand, there will be sufficient liquidity to cover these expenses until the company can self-fund through its own cash flow.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/ogx-discovers-the-difference-between-success-and-failure-%e2%80%93-100-bps/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Navios Prices New Issue</title>
		<link>http://www.marine-money.com/archive/navios-prices-new-issue</link>
		<comments>http://www.marine-money.com/archive/navios-prices-new-issue#comments</comments>
		<pubDate>Thu, 19 May 2011 15:00:02 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[BofA Merrill Lynch]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Navios Maritime Acquisition Corporation]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10299</guid>
		<description><![CDATA[With Moody’s maintaining its B2 rating on  these add-on senior secured notes, Navios Maritime Acquisition Corporation last week priced this latest issue, totaling $105 million, of its 8 5/8% first priority ship mortgage notes due in 2017. Trading earlier in the week at 104% to yield approximately 7.3%, the notes were priced at 102.25% to yield approximately 8.44% in line with price talk at 102%. Proceeds of the notes will be used to finance the acquisition of the VLCC due in June.
]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/navios-prices-new-issue/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Equity Sales Continue – Navios Maritime Partners and Safe Bulkers Follow-on</title>
		<link>http://www.marine-money.com/archive/equity-sales-continue-%e2%80%93-navios-maritime-partners-and-safe-bulkers-follow-on</link>
		<comments>http://www.marine-money.com/archive/equity-sales-continue-%e2%80%93-navios-maritime-partners-and-safe-bulkers-follow-on#comments</comments>
		<pubDate>Thu, 14 Apr 2011 16:47:20 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[DVB]]></category>
		<category><![CDATA[Evercore Partners]]></category>
		<category><![CDATA[Golar LNG Partners]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Knight]]></category>
		<category><![CDATA[Lazard]]></category>
		<category><![CDATA[Morgan Stanley and BofA Merrill Lynch]]></category>
		<category><![CDATA[Navios Maritime Partners LP]]></category>
		<category><![CDATA[S. Goldman Capital]]></category>
		<category><![CDATA[Safe Bulkers]]></category>
		<category><![CDATA[Safe Bulkers Inc.]]></category>
		<category><![CDATA[Teekay LNG]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10397</guid>
		<description><![CDATA[While the Golar LNG Partners IPO was a surprise, the prevalence of follow-on offering is not. Last week, Teekay LNG and Navios Maritime Partners LP (“Navios Partners”) successfully concluded their offerings and they were joined this week by Safe Bulkers Inc. While there is nothing that indicates that the window is closing, there nonetheless seems to be a rush to offer.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/equity-sales-continue-%e2%80%93-navios-maritime-partners-and-safe-bulkers-follow-on/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Teekay LNG Partners Invests In the Angola LNG Project</title>
		<link>http://www.marine-money.com/archive/teekay-lng-partners-invests-in-the-angola-lng-project</link>
		<comments>http://www.marine-money.com/archive/teekay-lng-partners-invests-in-the-angola-lng-project#comments</comments>
		<pubDate>Thu, 07 Apr 2011 15:15:57 +0000</pubDate>
		<dc:creator>marinemoney</dc:creator>
				<category><![CDATA[Freshly Minted]]></category>
		<category><![CDATA[The Week in Review]]></category>
		<category><![CDATA[Angola LNG Project]]></category>
		<category><![CDATA[Barclays Capital]]></category>
		<category><![CDATA[BP Plc]]></category>
		<category><![CDATA[Chevron Corporation]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[Goldman]]></category>
		<category><![CDATA[J.P. Morgan]]></category>
		<category><![CDATA[Mitsui & Co]]></category>
		<category><![CDATA[NYK Bulkship (Europe)]]></category>
		<category><![CDATA[Raymond James]]></category>
		<category><![CDATA[Sachs]]></category>
		<category><![CDATA[Sociedade Nacional de Combustiveis de Angola EP]]></category>
		<category><![CDATA[Teekay]]></category>
		<category><![CDATA[Teekay LNG Partners L.P.]]></category>
		<category><![CDATA[Total S.A.]]></category>
		<category><![CDATA[UBS Investment Bank]]></category>

		<guid isPermaLink="false">http://www.marine-money.com/?p=10243</guid>
		<description><![CDATA[To facilitate the acquisition of Teekay’s interest in the Angola LNG Project, Teekay LNG Partners L.P. agreed to issue 3.7 million common units at a price of $38.88 per share, a discount of 4% from the closing price just prior to the announcement. Proceeds will be used to fund the equity purchase price of Teekay Corporation’s 33% interest in the Angola LNG Project as payment becomes due while using interim and remaining funds for the repayment of outstanding debt under one of its credit facilities, which matures in August 2018. Net of assumed debt, the total equity purchase price is approximately $73 million subject to adjustment based on actual costs incurred at the time of delivery. The company will acquire the ownership interests and pay a proportionate share of the purchase price as each vessel is delivered which is anticipated to be during the fall of 2011 and in the first quarter of 2012.]]></description>
		<wfw:commentRss>http://www.marine-money.com/archive/teekay-lng-partners-invests-in-the-angola-lng-project/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

