Global Ship Lease to redeem 9 7/8% secured notes due 2022 at 102.469

By Taylor Fox

New York, Jan. 8 – Global Ship Lease, Inc. plans to redeem in full its outstanding $233,436,000 9 7/8% first priority secured notes due 2022 at 102.469, according to a news release.

Global Ship will also pay interest on the notes.

As previously reported, the notes will be redeemed using funds from the drawdown from a new $236.2 million loan facility with Hayfin Capital Management, LLP and cash on hand.

Completion of the redemption is subject to the satisfaction of some conditions precedent to the Hayfin loan that would permit the company to irrevocably deposit funds sufficient for the redemption.

Global Ship Lease is a containership charter owner based in London.

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