Seaspan Prices USD 80 Mn Share Offer

COSCO HopeIllustration; Image Courtesy: Pixabay

Hong-Kong based shipping company Seaspan Corporation has priced a USD 80 million public offering of its 8.2% Series G Preferred Shares at USD 25 per share. 

The company said it intends to use the net proceeds for general corporate purposes, including funding acquisitions of equity interests in Greater China Intermodal Investments LLC (GCI), or GCI’s assets, as well as funding capital expenditures on existing newbuild vessels and debt repayments.

The offering is expected to close on August 25, 2016.

ICBC International Securities Limited (ICBC International), a subsidiary of the Industry and Commercial Bank of China Limited, acted as sole underwriter for the offering.

Seaspan’s managed fleet consists of 117 containerships representing a total capacity of over 930,000 TEU. It includes 13 newbuilding containerships on order, scheduled for delivery to Seaspan and third parties by the end of 2017.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2018 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Posidonia 2018

Posidonia, the international shipping exhibition, has long been established as one of the major calendar events…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

THE 7TH EDITION OF NAVALIA, INTERNATIONAL SHIPBUILDING EXHIBITION 2018

The event wanted to be from the beginning a reference for the naval sector and to serve as a tool to attract investors and contracts for the industry…

read more >

BlueWeek2018

The BlueWeek2018 will be held on 28-29-30 May in Rotterdam, under the auspices of the Blue Forum…

read more >