Seaspan Corporation, a leading independent owner and manager of containerships, announced today that it plans to offer senior unsecured notes due 2019 in a registered public offering.
The company intends to use the net proceeds from the offering for general corporate purposes. Following the offering, Seaspan intends to file an application to list the Notes on The New York Stock Exchange.
Sterne, Agee & Leach, Inc. will act as sole book-running manager and structuring agent for the offering. BB&T Capital Markets, DNB Markets, Incapital, Janney Montgomery Scott, Ladenburg Thalmann & Co. Inc., Wunderlich Securities, Maxim Group LLC, National Securities Corporation and Santander will act as co-managers for the offering.
Seaspan managed fleet consists of 105 containerships representing a total capacity of over 800,000 TEU, including 31 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2016. The company’s current operating fleet of 72 vessels has an average age of approximately seven years and an average remaining lease period of approximately five years.
seaspan, March 26, 2014