Containership owner Seaspan Corp. said this week that it plans to sell 3.5 million shares of Class A common stock that will be priced at $22 per share.
Seaspan, which operates a fleet of 71 ships that it charters to major liner companies, said it will receive net proceeds of approximately $73.5 million (or approximately $84.6 million if the underwriters exercise their option to purchase an additional 525,000 Class A common shares in full) after deducting underwriting discounts and estimated offering expenses.
It said it intends to use the net proceeds from this offering for general corporate purposes, which may include funding vessel acquisitions.
Seaspan has entered into contracts for the purchase of an additional 16 newbuilding containerships, which have scheduled delivery dates through May 2016.
Seaspan seeks to raise up to $84.6 million
