“Seaspan’s management team remains committed to its stated strategic priorities for the company, which include de-leveraging and adding flexibility to the company’s capital structure. We expect to continue strengthening our balance sheet as we position the company for future growth,” Ryan Courson, Chief Financial Officer of Seaspan, said.
The announcement is being made on the back of the pricing of the company’s public share offering targeting USD 150 million in net proceeds.
Seaspan plans to use the freshly raised capital for funding acquisitions, debt repayments and redeeming certain of its existing preferred shares.
Source: World Maritime News