Overseas Shipholding Group, one of many world’s largest tanker operators, is planning a return to the New York Stock Exchange lower than a 12 months after exiting Chapter 11 chapter, in line with stories.

On Monday, the corporate filed with the SEC plans to lift as much as $100 million in an preliminary public providing. The information was first reported by the IPO specialist agency Renaissance Capital.

OSG exited Chapter 11 in August 2014 as a newly reorganized firm, with two time period mortgage amenities and two revolving mortgage amenities totaling $1.35 billion. The firm’s Class B Common Stock was authorized for itemizing on the NYSE MKT alternate and started buying and selling October ninth below the image “OSGB”.

OSG had its delisted from the New York Stock Exchange after voluntarily submitting for chapter safety in November 2012 within the District of Delaware after international delivery charges fell and the corporate gave up attempting to win a federal mortgage assure.

OSG’s working fleet consisted of 81 vessels as of December 31, 2014. The firm posted a full 12 months 2014 web lack of $152.2 million, however was capable of obtain a $26.5 million revenue in This autumn. The firm is predicted to report its Q1 2015 outcomes on Thursday.

Renaissance Capital reported that the corporate plans to record its inventory on the NYSE below the image OSG. No pricing phrases had been disclosed, the report mentioned.

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