UPDATE 1-Greece’s Costamare files for $260 mln IPO

* BofA Merrill, Morgan Stanley among underwriters

* Intends to list on NYSE under “CMRE”

Oct 20 (BestGrowthStock) – Costamare Inc filed with U.S. regulators
on Wednesday to raise up to $260 million in an initial public
offering.

The Athens, Greece-based owner of containerships told the
U.S Securities and Exchange Commission that it expects its
offering of 13.3 million common shares to be priced between
$15-$17 per share.

Costamare sees net proceeds of about $195.9 million from
the offering, which it will use to repay debt and for any
potential vessel acquisitions.

Morgan Stanley, BofA Merrill Lynch are among the
underwriters for the IPO, the company said in a regulatory
filing.

The company intends to list its common stock on the New
York Stock Exchange under the symbol “CMRE”.
(Reporting by Sweta Singh in Bangalore; Editing by Vyas
Mohan)

UPDATE 1-Greece’s Costamare files for $260 mln IPO