OVERSEAS SHIPHOLDING GROUP, INC.Saltchuk Resources, Inc. • June 10th, 2024 • Deep sea foreign transportation of freight
Overseas Shipholding Group Enters Into a Definitive Agreement to Be Acquired by Saltchuk Resources, Inc. Purchase Price of $8.50 per Share in Cash Transaction Valued at $950 MillionSaltchuk Resources, Inc. • May 20th, 2024 • Deep sea foreign transportation of freight
Tampa, FL and Seattle, WA, May 20, 2024 – Overseas Shipholding Group, Inc. (“OSG” or the “Company”) (NYSE: OSG), a leading provider of liquid bulk transportation services in the energy industry for crude oil and petroleum products primarily in the U.S. Flag markets, and Saltchuk Resources, Inc. (“Saltchuk”), a privately owned family of diversified freight transportation, marine service, and energy distribution companies, today announced that they have entered into a definitive merger agreement pursuant to which Saltchuk has agreed to acquire OSG in a transaction that values the Company at an aggregate equity value of approximately $653 million and a total transaction value of $950 million.
OVERSEAS SHIPHOLDING GROUP, INC.Saltchuk Resources, Inc. • June 10th, 2024 • Deep sea foreign transportation of freight
NON-DISCLOSURE AGREEMENTNon-Disclosure Agreement • June 10th, 2024 • Saltchuk Resources, Inc. • Deep sea foreign transportation of freight • Delaware
THIS NON-DISCLOSURE AGREEMENT (this “Agreement”) is made as of February 27, 2024 (the “Effective Date”) by and between Overseas Shipholding Group, Inc. (together with its direct and indirect subsidiaries, the “Company”) and Saltchuk Resources, Inc. (“Recipient”). For the purposes of this Agreement, each of Recipient and the Company are sometimes referred to as a “Party” and together, the “Parties”.
CREDIT AGREEMENT Dated as of May 21, 2024 among SALTCHUK RESOURCES, INC. as the Company, CERTAIN SUBSIDIARIES OF THE COMPANY PARTY HERETO as Borrowers or Guarantors, BANK OF AMERICA, N.A. as Administrative Agent and L/C Issuer, WELLS FARGO BANK,...Credit Agreement • June 10th, 2024 • Saltchuk Resources, Inc. • Deep sea foreign transportation of freight • New York
This CREDIT AGREEMENT (this “Agreement”) is entered into as of May 21, 2024, among SALTCHUK RESOURCES, INC., a Washington corporation (the “Company”), certain Subsidiaries of the Company a party hereto pursuant to Section 2.15 (each a “Designated Borrower” and, together with the Company, the “Borrowers” and, each a “Borrower”), the Guarantors (defined herein), the Lenders (defined herein), BANK OF AMERICA, N.A., as Administrative Agent and L/C Issuer, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Swing Line Lender.
Exhibit A JOINT FILING AGREEMENTJoint Filing Agreement • July 2nd, 2021 • Saltchuk Resources, Inc. • Deep sea foreign transportation of freight
We, the signatories of the statement to which this Joint Filing Agreement is attached, hereby agree that such statement is filed, and any amendments thereto filed by any or all of us, will be filed on behalf of each of us.
