Seaspan Corporation (“Seaspan” or the “Company”) a wholly owned subsidiary of Atlas Corp. (“Atlas”), has today instructed Nordic Trustee to summon a bondholders’ meeting for 16 December 2022 for the Company’s senior unsecured bonds maturing in April 2026 (ISIN NO 0010981939). The purpose of the meeting is to consider a proposal for certain amendments to the bond terms (the “Amendment Proposal”). The summons for bondholders’ meeting including details on the Amendment Proposal is attached together with this press release.
The background for the Amendment Proposal is the announcement by Atlas on 1 November 2022 that Atlas will be acquired by Poseidon Acquisition Corp. An investor presentation has been prepared for the Amendment Proposal and can be found on the Atlas website under Events & Presentations at https://ir.atlascorporation.com/events-and-presentations.
DNB Markets has been appointed as financial advisor to Seaspan.
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 September 30, 2022, Seaspan’s operating fleet consisted of 129 vessels with a total capacity of 1,180,230 TEU, and an additional 61 vessels under construction, increasing total fleet capacity to 1,919,230 TEU, on a fully delivered basis. For more information, visit seaspancorp.com.