Overseas Shipholding (OSG -27.2%) shares took a huge hit today on concerns it has maxed out its lending facilities and could soon face a liquidity squeeze. Goldman Sachs and UBS reportedly are shopping around ~$100M in the tanker's revolver, looking to create a market for the debt before OSG needs to refinance $1.5B early next year. Shares are down by two-thirds YTD.
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs
Next headline on your portfolio: