Seaspan offers 5.7M shares, $125M in convertible notes

|About: Seaspan Corporation (SSW)|By:, SA News Editor

Seaspan (SSW) -6.3% AH after announcing concurrent public offerings of 5.7M common shares and $125M of convertible notes due 2018; in addition to the 5.7M-share offering, a selling shareholder will offer 300K shares.

SSW plans to use net proceeds from the primary offering and convertible note offering for general corporate purposes, which may include funding vessel acquisitions.