Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Saturday, April 20, 1:02 AM
Slide #467. Seaspan Corporation — Preferred Stock Offering
Company: |
Seaspan Corporation (SSW) |
Date announced: |
2/6/2014 |
Shares Offered: |
5,000,000 |
Date of Pricing: |
2/6/2014 |
Price Per Share: |
$25 |
Preferred Stock Offering Details: |
Seaspan Corporation ("Seaspan") (NYSE:SSW) announced today that it plans to offer shares of its Series E Cumulative Redeemable Perpetual Preferred Stock (the "Series E Preferred Shares") in a registered public offering. - updated 2/6 - Seaspan Corporation ("Seaspan") (NYSE:SSW) announced today that it has priced its previously announced $125 million public offering of shares of its 8.25% Series E Cumulative Redeemable Perpetual Preferred Stock (the "Series E Preferred Shares") at $25 per share. Seaspan has granted the underwriters of the offering a 30-day option to purchase up to an additional $18.75 million of Series E Preferred Shares on the same terms and conditions. The offering is expected to close on February 13, 2014. |
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
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