Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, March 29, 1:38 AM
Slide #316. Seaspan Corporation — Preferred Stock Offering
Company: |
Seaspan Corporation (SSW) |
Date announced: |
8/4/2016 |
Shares Offered: |
9,000,000 |
Date of Pricing: |
8/4/2016 |
Price Per Share: |
$25.00 |
Preferred Stock Offering Details: |
Seaspan Corporation ("Seaspan") (NYSE:SSW) announced today that it plans to offer shares of its Series H Cumulative Redeemable Perpetual Preferred Shares (the "Series H Preferred Shares") in a registered public offering pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. -updated 8/4- easpan Corporation ("Seaspan") (NYSE:SSW) announced today that it has priced its previously announced $225 million public offering of its 7.875% Series H Cumulative Redeemable Perpetual Preferred Shares (the "Series H Preferred Shares") at $25 per share. Seaspan has granted the underwriters of the offering a 30-day option to purchase up to an additional $33.75 million of Series H Preferred Shares on the same terms and conditions. The offering is expected to close on August 11, 2016. |
Seaspan is an independent charter owner and manager of containerships, which it charters primarily pursuant to long-term, fixed-rate time charters with container liner companies.
Preferreds: SSW.PRC, SSW.PRD, SSW.PRE, SSW.PRG, SSW.PRH, SSW.PRI
Open the SSW Page at Preferred Stock Channel »
Open the SSW Page at Preferred Stock Channel (in a new window) »