CONTAINERSHIP owner Seaspan Corporation has prepaid two credit facilities which were secured by six of its vessels.
The repayment of the loans will raise the number of the Hong Kong-based company's pool of unencumbered ships from 12 to 18 as of October. These include two 2,500 TEU, two 3,500 TEU, ten 4,250 TEU, two 9,600 TEU and two 10,000 TEU containerships, reported World Maritime News, Rotterdam.
The announcement follows the pricing of the company's public share offering targeting US$150 million in net proceeds, which would be used to fund acquisitions, repay debts and redeem some of its existing preferred shares.
'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,' chief financial officer Ryan Courson was quoted as saying.
The repayment of the loans will raise the number of the Hong Kong-based company's pool of unencumbered ships from 12 to 18 as of October. These include two 2,500 TEU, two 3,500 TEU, ten 4,250 TEU, two 9,600 TEU and two 10,000 TEU containerships, reported World Maritime News, Rotterdam.
The announcement follows the pricing of the company's public share offering targeting US$150 million in net proceeds, which would be used to fund acquisitions, repay debts and redeem some of its existing preferred shares.
'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,' chief financial officer Ryan Courson was quoted as saying.