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Global Ship Lease announces partial redemption of senior notes

Mar. 07, 2022 8:40 AM ETGlobal Ship Lease, Inc. (GSL)By: Preeti Singh, SA News Editor8 Comments
  • Global Ship Lease (NYSE:GSL) is +2.19% pre-market after announcing partial redemption of its 8.00% Senior Notes due 2024.
  • In total, $28.5M aggregate principal amount of the notes will be redeemed at a price equal to 102.00% of the principal amount, plus accrued and unpaid interest

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Comments (8)

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NV_GARY profile picture
1.1 million shares at IPO, and about $88 million remain (about 3,560,00shs)??
tjhoppe profile picture
$25.50 + accrued interest......nice
Good to see them taking down high cost debt. Hopefully they take down the rest of the issue by the end of the year.
Mr. Due Diligence profile picture
GSL Management is really setting the pace in terms of "how many good decisions can you make in the least amount of time"

Holy cow.
FoxRiverInvestments profile picture
@Mr. Due Diligence J Mintzmyer brought up this issue in the conference call, and here they are pulling the trigger. Makes me wonder if the preferred is next…
Mr. Due Diligence profile picture
@FoxRiverInvestments yeah! I listened to the call - great to see the responsiviness to market from management.
jackmergen profile picture
@Mr. Due Diligence what % are being called?? maybe I missed it.....
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