Seaspan announces new $150 mln two-year revolving credit facility
Seaspan Corporation, the world’s largest independent containership owner operator, announced today the closing of a $150 million, two-year, corporate revolving credit facility. The revolving credit facility will be available to fund investments, acquisitions and for general corporate purposes.
Bing Chen, President and Chief Executive Officer of Seaspan, commented, "I am proud of our team’s leadership in developing this unique financing for our industry. The closing of our revolving credit facility is part of our continuous efforts to strengthen our capital structure and support our long-term growth strategy. We appreciate the strong partnership and unwavering commitment from our valued bank lenders."
About Seaspan
Seaspan is the leading independent charter owner and operator of containerships with industry leading ship management services. Seaspan’s operating fleet consists of 112 containerships with a total capacity of more than 900,000 TEU, an average age of approximately 6 years and an average remaining lease period of approximately 5 years, on a TEU weighted basis.