Seaspan announced the closing of a $150 million, two-year,corporate revolving credit facility.
The revolving credit facility will be available to fund investments, acquisitions and for general corporate purposes.
Bing Chen, President and Chief Executive Officer of Seaspan, commented, “I am proud of our team’s leadership in developing this unique financing for our industry. The closing of our revolving credit facility is part of our continuous efforts to strengthen our capital structure and support our long-term growth strategy. We appreciate the strong partnership and unwavering commitment from our valued bank lenders.”