Seeking Alpha

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

  • 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.
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