Gener8 Maritime, a PE-backed operator of 46 oil tankers formed from General Maritime and Navig8 Crude, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The New York, NY-based company, which was formed in 2015 and booked $391 million in pro forma historical sales for the 12 months ended March 31, 2015, plans to list on the NYSE under the symbol GNRT. Gener8 Maritime initially filed confidentially (as General Maritime prior to the merger) on November 12, 2014. Citi and UBS are the joint bookrunners on the deal. No pricing terms were disclosed.
