Thursday, June 9, 2011

FSL Trust: Private placement.

On 2 June, I blogged about FSL Trust's acquisition of a vessel and I was wondering if it would be a positive catalyst for its unit price since distributable income would likely increase.  Read blog post here.
Fast on the heals of that acquisition is another one. This time, "the acquisition will be fully funded by the drawdown of US$23 million from the trust's existing revolving credit facility