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Seaspan lines up share and bond issuesSeaspan lines up share and bond issues

Following its latest round of newbuilding orders Seaspan Corp is lining up fundraising through a public share and bond issue.

Marcus Hand, Editor

October 8, 2013

1 Min Read
Kalyakan - stock.adobe.com

Seaspan said it would be selling 5.7m shares in a public offering and to raise $125m through a convertible bond issue due in 2018. In addition to the primary offering of 5.7m shares Seaspan will sell 300,000 shares in a secondary offering.

“Seaspan intends to use the net proceeds it receives from the primary offering and the convertible note offering for general corporate purposes, which may include funding vessel acquisitions,” Seaspan said.

Last week Seaspan declared options for five 10,000 teu boxships at Yangzijiang Shipbuilding.

Citigroup, BofA Merrill Lynch, Deutsche Bank Securities and Credit Suisse Securities are acting as joint book-running managers of the common shares public offering. Deutsche Bank Securities, BofA Merrill Lynch, Citigroup and Credit Suisse Securities are acting as joint book-running managers of the convertible bond issue.

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Yangzijiang

About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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