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Seaspan prices preferrential share offeringSeaspan prices preferrential share offering
Seaspan Corp has priced its $125m public share offering at $25 per share.
1 Min Read
Kalyakan - stock.adobe.com
The New York Stock Exchange-listed shipowner is $125m worth of 8.25% Series E Cumulative Redeemable Perpetual Preferred Stock.
Underwriters for the offering have a 30-day option to purchase up to an additional $18.75m of the preferred stock. The offering is expected to close on 13 February.
Seaspan said it would use the funds raised for the offering general corporate purposes.
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley, UBS Securities LLC, and Citigroup Global Markets Inc. are acting as joint book-running managers, and Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are acting as joint lead managers for the offering.
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