M&A – Sale of TOP Ships Fleet to AMCI Poseidon

Represented TOP Ships Inc. (Nasdaq:TOPS), an international maritime shipping company, in connection with the sale of its six vessel fleet to AMCI Poseidon Fund for approximately $173 million (less assumed debt of approximately $135 million).

In October 2013, TOP Ships Inc. (Nasdaq: TOPS), an international maritime shipping company, sold the ship-owning subsidiaries which own the six vessel fleet to an affiliate of AMCI Poseidon Fund LP, for an aggregate cash consideration of approximately $173 million less approximately $135 million in debt and swap obligations of TOP Ships assumed by AMCI. A Seward & Kissel team led by partners Gary Wolfe, James Abbott and James Cofer, counsel Nick Kastanos, and including associates Will Vogel and Denise Mazzeo, represented TOP Ships in this transactions.

 


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