Seaspan to issue another 10 million shares
Containership charterer Seaspan Corp. said Wednesday it will issue 10 million common shares to help fund its vessel purchases and for working capital.
Underwriters have been granted an option to purchase up to 1.5 million additional common shares to cover any over-allotments.
Seaspan raised about $600 million from the New York Stock Exchange in its initial public offering in August. Since then its contracted fleet has now grown by 61 percent to 37 vessels.