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PROSPECTUS AMERICAN TANKER, INC. Prospectus

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PROSPECTUS AMERICAN TANKER, INC. Prospectus PROSPECTUS AMERICAN TANKER, INC. Prospectus _________ American Tanker, Inc. (the “Issuer” or the “Company”) issued 1,100 bonds with nominal value of USD 200,000 each (the “Bonds”) on 22 February 2017 (the “Settlement Date”). The Company is an indirect wholly owned subsidiary of the ultimate parent company American Shipping Company ASA (the “Ultimate Parent”). The Bond Issue is guaranteed by the Ultimate Parent and American Tanker Holding Company, Inc., (the “Guarantors”). Prospective investors are expressly advised that an investment in the Bonds entails financial and legal risk and that they should therefore read this Prospectus in its entirety and in particular Section 1 (“Risk Factors”) when considering an investment in the Bonds. __________ The date of this Prospectus is 12 June 2017 __________ IMPORTANT INFORMATION This Prospectus has been prepared in order to provide information about the Company and its business in relation to the listing of the Bonds at Oslo Børs and to comply with the Norwegian Securities Trading Act of 29 June 2007 no. 75 (the “Norwegian Securities Trading Act”) and related secondary legislation, including the Commission Regulation (EC) no. 809/2004 implementing Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 regarding information contained in prospectuses (the “Prospectus Directive”) as well as the format, incorporation by reference and publication of such prospectuses and dissemination of advertisements (hereafter “EC Regulation 809/2004”). This Prospectus has been prepared solely in the English language. The Financial Supervisory Authority of Norway (Nw. Finanstilsynet) (the “Norwegian FSA”) has reviewed and approved this Prospectus in accordance with Sections 7-7 and 7-8 of the Norwegian Securities Trading Act. The Norwegian FSA has not verified or approved the accuracy or completeness of the information included in this Prospectus. The approval by the Norwegian FSA only relates to the information included in accordance with pre-defined disclosure requirements. The Norwegian FSA has not made any form of verification or approval relating to corporate matters described in or referred to in this Prospectus. The Prospectus was approved by the Norwegian FSA on 12 June 2017 and is valid for 12 months thereafter. The information contained herein is current as of the date hereof and subject to change, completion and amendment without notice. In accordance with Section 7-15 of the Norwegian Securities Trading Act, significant new factors, material mistakes or inaccuracies relating to the information included in this Prospectus, which are capable of affecting the assessment of the Bonds between the time when this Prospectus is approved and the date of listing of the Bonds, will be included in a supplement to this Prospectus. Neither the publication nor distribution of this Prospectus, nor any sale of Bonds made hereunder, shall under any circumstances create any implication that there has been no change in the Company’s affairs or that the information herein is correct as of any date subsequent to the date of this Prospectus. Only the Issuer and the Joint Lead Managers are entitled to provide information in respect of matters described in this Prospectus. Information provided by any other persons is of no relevance to the contents of this Prospectus and must not be relied upon. The information contained herein has been prepared by the Issuer to assist interested parties in making their own evaluation of the Company and the Guarantors and their creditworthiness and does not purport to be all-inclusive or to contain all information that prospective investors may desire or that may be required in order to properly evaluate the business, prospects or value of the Company and the Guarantors. In all cases, interested parties should conduct their own investigation and analysis of the Company and the data set forth in this Prospectus. No legal, financial or technical due diligence, or similar third-party verification of the Issuer, the Guarantors or the assets of the Issuer or the Guarantors has been carried out by the Issuer, the Guarantors or the Joint Lead Managers. None of the Joint Lead Managers, nor any of their subsidiary undertakings or any such person’s directors, officers, employees, advisors or representatives (collectively the “Representatives”), make any representation or warranty (expressed or implied) as to the accuracy or completeness of this Prospectus or any statements, information, estimates or projections contained herein, or the legality of any prospective investor’s investment in the Bonds issued by the Company. None of the Joint Lead Managers, nor any of their Representatives, have any liability for the recipient’s use of this Prospectus or any other oral, written or other communications transmitted to the recipient in the course of its evaluation of the Company and the Guarantors. This Prospectus may contain certain tables and other statistical analyses (the “Statistical Information”). Numerous assumptions were used in preparing the Statistical Information, which may or may not be reflected herein. As such, no assurance can be given as to the Statistical Information’s accuracy, appropriateness or completeness in any particular context nor as to whether the Statistical Information and/or the assumptions upon which they are based reflect present market conditions or future market performance. The contents of this Prospectus including the Statistical Information are not to be construed as legal, credit, business or tax advice. Each prospective investor should consult with its own legal, credit, business or tax advisor as to legal, credit, business and tax advice. By receiving this Prospectus you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and the Guarantors and that you will conduct your own analysis and are solely responsible for forming your own opinion of the potential future performance of the Company’s and the Guarantors’ business. The Joint Lead Managers have not conducted any due diligence investigation of the Group. In making an investment decision, investors must rely on their own examination of the Company and the Guarantors including the merits and risks involved. Potential investors should contact the Joint Lead Managers or the Company with any questions about the Bonds or if they require additional information to verify the information contained in this Prospectus. Each recipient of this Prospectus shall be deemed to acknowledge that: (i) it has been afforded an opportunity to request from the Company and/or the Joint Lead Managers, and to review, and has received, all additional information considered by it to be necessary to verify the accuracy of, or to supplement, the information contained in this Prospectus; (ii) it has not relied on the Joint Lead Managers or any person affiliated with the Joint Lead Managers in connection with its investigation of the accuracy of such information or its investment decision; and (iii) no person (other than the Joint Lead Managers) has been authorized to give any information or to make any representation concerning the Company, the Guarantors or their respective affiliates or the Bonds (other than as contained in this Prospectus) and, if given or made, any such other information or representation should not be relied upon as having been authorized by the Company, the Guarantors or the Joint Lead Managers. This Prospectus is not an offer to sell or a request to buy bonds. (ii) The Joint Lead Managers and/or any of their affiliated companies and/or officers, directors and employees may be a market maker or hold a position in any instrument or related instrument discussed in this Prospectus, and may perform or seek to perform financial advisory or banking services related to such instruments. The corporate finance department of either Joint Lead Manager may act as manager or co-manager for the Company in private and/or public placement and/or resale not publicly available or commonly known. Copies of this Prospectus are not being mailed or otherwise distributed or sent in or into or made available in the United States. Persons receiving this document (including custodians, nominees and trustees) must not distribute or send such documents or any related documents in or into the United States. Other than in compliance with applicable United States securities laws, no solicitations are being made or will be made, directly or indirectly, in the United States. Securities will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The distribution of the Prospectus may be limited by law also in other jurisdictions, for example in the United Kingdom. Approval of the Prospectus by the Norwegian FSA implies that the Prospecuts may be used in any EEA country. No other measures have been taken to obtain authorisation to distribute the Prospectus in any jurisdiction where such action is required. This Prospectus is subject to Norwegian law, unless otherwise explicitly stated. Any dispute arising in respect of this Prospectus or arising in reliance to this Prospectus is subject to the exclusive jurisdiction of the Norwegian courts. Overseas Los Angeles (iii) ______ TABLE OF CONTENTS __________ Side 1. RISK FACTORS ..................................................................................................................................
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