Refrigerated shipping company Amer Reefer Co plans to raise about US$100 million through a junk-bond offering, financial sources said. Amer Reefer intends to use the proceeds of the Rule 144A senior secured note offer to acquire three refrigerated ships (reefers), lifting its fleet to seven vessels. Amer Reefer is the latest in a flood of shipping companies to attempt to raise funds from the US corporate bond market. The company is part of the London-based Foresight Group, controlled by India's Mehrotra family. Rating agency Standard & Poor's said this week it had assigned Amer Reefer a corporate credit rating of single-B-plus, and that it expected to rate the company's proposed secured notes at single-B-plus.