PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Wed, January 19, 2:57 AM
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Slide #286. Seaspan Corporation — Preferred Stock Offering
Company:
Seaspan Corporation (SSW)
Date announced:
6/9/2016
Shares Offered:
4,000,000
Date of Pricing:
6/9/2016
Price Per Share:
$25.00
Preferred Stock Offering Details:
Seaspan Corporation ("Seaspan") (NYSE:SSW) announced today that it plans to offer shares of its Series G Cumulative Redeemable Perpetual Preferred Shares (the "Series G Preferred Shares") in a registered public offering pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. -updated 6/9- Seaspan Corporation ("Seaspan") (NYSE:SSW) announced today that it has priced its previously announced $100 million public offering of its 8.2% Series G Cumulative Redeemable Perpetual Preferred Shares (the "Series G Preferred Shares") at $25 per share. Seaspan has granted the underwriters of the offering a 30-day option to purchase up to an additional $15 million of Series G Preferred Shares on the same terms and conditions. The offering is expected to close on June 16, 2016.
Seaspan is an independent charter owner and manager of containerships, which it charters primarily pursuant to long-term, fixed-rate time charters with container liner companies.
Preferreds: SSW.PRC, SSW.PRD, SSW.PRE, SSW.PRG, SSW.PRH, SSW.PRI
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Avg. Broker Rec.
  
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Hold (1.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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