Replies to post #3484 on ka<>$H

[$oldier Hard]

At the pps it trades at, that shouldn't take too long.

[$oldier Hard]

FRO, here's one I forgot to mention to you dated 28 Jan...
$150,000,000



FRONTLINE LTD.



LOGO



Ordinary Shares







On June 6, 2013, we entered into an equity distribution agreement for the offer and sale of our ordinary shares having aggregate sales proceeds of up to $40.0 million. We have since entered into an amended and restated equity distribution agreement, dated January 21, 2014, and a second amended and restated equity distribution agreement, dated January 28, 2015, each with Morgan Stanley & Co. LLC, or Morgan Stanley, for the offer and sale of our ordinary shares having aggregate sales proceeds of up to $100.0 million and $150.0 million, respectively. We refer to these agreements together as the “equity distribution agreement.” As of December 31, 2014, 15,013,184 of our ordinary shares have been sold for gross proceeds of $60,392,252 pursuant to the equity distribution agreement.



In accordance with the terms of the equity distribution agreement, we may offer and sell our ordinary shares at any time and from time to time through Morgan Stanley as our sales agent. Sales of the ordinary shares, if any, will be made by means of ordinary brokers’ transactions on the New York Stock Exchange, or the NYSE, or otherwise at market prices prevailing at the time of sale, at prices related to the prevailing market prices, or at negotiated prices.



Our ordinary shares are listed on the NYSE under the symbol “FRO.” The last reported sale price of our ordinary shares on the NYSE on January 27, 2015 was $3.12 per share.



Investing in our ordinary shares involves a high degree of risk. See “Risk Factors” beginning on page S-7 of this prospectus supplement and page 6 of the accompanying prospectus and in our Annual Report on Form 20-F for the fiscal year ended December 31, 2013, filed with the Securities and Exchange Commission on March 21, 2014 and incorporated by reference herein, to read about the risks you should consider before purchasing our ordinary shares.



Neither the Securities and Exchange Commission, or the Commission, nor any state securities commission, the Registrar of Companies in Bermuda, nor the Bermuda Monetary Authority has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense.



Morgan Stanley will receive from us a commission equal to 1.50% of the gross sales price per share for any ordinary shares sold through it as our sales agent under the equity distribution agreement on and after January 24, 2014. Under the equity distribution agreement, we have agreed to reimburse Morgan Stanley for certain expenses. See “Plan of Distribution.” Subject to the terms and conditions of the equity distribution agreement, Morgan Stanley will use its commercially reasonable efforts to sell on our behalf any ordinary shares to be offered by us under the equity distribution agreement.







MORGAN STANLEY



The date of this prospectus supplement is January 28, 2015