Safe Bulkers 5M-Share Public Offering Prices At 9.1% Discount

(Dow Jones) Safe Bulkers Inc.'s (SB) public offering of five million shares priced at a 9.1% discount to Monday’s close. Shares were trading 9.9% lower at $6.44 premarket, compared with the offering’s price of $6.50. The provider of marine drybulk transportation services said late Monday it planned to use the proceeds for vessel acquisitions, capital expenditures and other general corporate purposes. The company had 70.9 million shares outstanding as of Dec. 31.
-By Melodie Warner, Dow Jones Newswires[/I]