 |
Quotes delayed 20 minutes
|
|
|
 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sunday, January 19, 7:32 AM
Slide #284. Global Ship Lease, Inc. — Preferred Stock Offering
| Company: |
Global Ship Lease, Inc. (NYSE:GSL) |
| Date announced: |
8/13/2014 |
| Security type: |
8.75% Series B Cumulative Perpetual Preferred Shares (NYSE:GSL.PRB) |
| Shares Offered: |
1,400,000 |
| Date of Pricing: |
8/13/2014 |
| Price Per Share: |
$25 |
| Preferred Stock Offering Details: |
Global Ship Lease, Inc. (NYSE:GSL) (the "Company") announced today that the offering of 1,400,000 Depositary Shares (the "Depositary Shares"), each of which represents 1/100th of one share of the Company's 8.75% Series B Cumulative Perpetual Preferred Shares ("Series B Preferred Shares"), par value $0.01 per share, with a liquidation preference of $2,500.00 per share (equivalent to $25.00 per Depositary Share), priced at $25.00 per Depositary Share. The aggregate liquidation preference is $35.0 million. The Company has also granted the underwriters a 30-day option to purchase up to an additional 210,000 Depositary Shares. Dividends will be payable on the Series B Preferred Shares at a rate of 8.75% per annum of the stated liquidation preference. The offering is expected to close on or about August 20, 2014 and is subject to customary closing conditions. |
Global Ship Lease is engaged in acquiring a fleet of modern containerships of diverse sizes. Co. owns a fleet of modern containerships of diverse sizes and charters the vessels out under long-term, fixed-rate charters. As of Dec. 31, 2016, Co.'s fleet consisted of 18 containerships, including three newly built vessels, with an aggregate capacity of 82,312 TEU and a weighted average age of approximately 12.0 years and a non-weighted average age of 12.3 years. Preferred: GSL.PRB
 Open the GSL Page at Preferred Stock Channel »
Open the GSL.PRB Page at Preferred Stock Channel for More Information About this Preferred »
|
|
