Costamare Inc. (“Costamare”), a Marshall Islands company, announced that its public offering of 13,300,000 shares of common stock was priced at $12 per share. Cravath represented Costamare in this transaction. The underwriters were granted a 30-day option to purchase up to 1,995,000 additional common shares from Costamare at the initial public offering price. The shares began trading on the New York Stock Exchange on November 4, 2010, under the ticker symbol “CMRE.” The transaction closed on November 9, 2010.
The Cravath team included partner William P. Rogers Jr. and associates Phillip E. Jackman and Nicholas A. Dorsey on corporate matters; partner Michael L. Schler and associate Matthew Y. Lau on tax matters; and practice area attorney Matthew Morreale on environmental matters.