Seaspan: Public Offering of Series H Cumulative Redeemable Perpetual Preferred Shares

Seaspan

Seaspan Corporation revealed its plans to offer its 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.

The company said that it intends to use the net proceeds of the offering for general corporate purposes, which may include funding acquisitions, funding capital expenditures on existing newbuild vessels and debt repayments.

Following the offering, Seaspan intends to file an application to list the Series H Preferred Shares on The New York Stock Exchange.

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