- Long-dated financing – weighted average maturity of 11.7 years1
- Fixed-rate capital – adds attractively priced, fixed-rate capital; pro forma for the Private Placement, approximately 70% of Seaspan debt is fixed-rate as of
March 31, 2022 (including notional amounts outstanding on interest rate swaps) - Sustainability-linked – expands Seaspan's sustainability-linked capital base; aligns sustainability targets with financial performance
- Further reduces near-term maturities – proceeds to repay debt with 4-5 year remaining tenors
The Notes were placed with a group of 12 institutional investors within the insurance industry and the Private Placement was upsized on the back of strong investor demand. The
Term (Years) | Series Size | Spread to 10-year | Interest Rate | Maturity Date |
10 years | 2.25% | 5.15% | ||
12 years | 2.40% | 5.29% | ||
15 years | 2.60% | 5.49% | ||
1 The Notes are planned to be issued, and proceeds to be received, on |
Atlas is a leading global asset management company, differentiated by its position as a best-in class owner and operator with a focus on disciplined capital deployment to create sustainable shareholder value. We target long-term, risk-adjusted returns across high-quality infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. For more information visit atlascorporation.com.
Seaspan is the largest global containership lessor, primarily focused on long-term, fixed-rate leases with the world's largest container shipping liners. As at
This release contains certain forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "intends", "expects", "anticipates", "plans", "believes", "estimates", "projects", "forecasts", "will", "may", "potential", "should", and similar expressions are forward-looking statements. These forward-looking statements reflect management's current expectations only as of the date of this release. As a result, you are cautioned not to rely on any forward-looking statements. Although these statements are based upon assumptions we believe to be reasonable based upon available information, they are subject to risks and uncertainties. These risks and uncertainties include, but are not limited to: the risk that the Private Placement may not be consummated; uncertainty surrounding the use of the net proceeds of the Private Placement; and other factors detailed from time to time in our periodic reports and filings with the
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