Seaspan to raise USD 80 million

Container ship owner Seaspan will issue new bonds to raise USD 80 million. The fresh capital will be used to repay debt, informs the company.

Port of Philadelphia
Photo: Port of Philadelphia

Seaspan is looking to raise USD 80 million through a new bond issue, and the money will be used to, among other things, repay existing debt, informs the company, one of the world's top container tonnage owners.

The new bond is set to mature in October 2027, and Seaspan, which is already listed on the New York Stock Exchange, is backed by several banks supporting then issue, including RBC Capital Markets and Stifel, which serve as book-running managers. FBR, Janney Montgomery Scott, and Incapital also serve as lead managers for the issue, while several others are listed as co-managers, according to the press release.

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