Global Ship Lease to repay credit facility in full and terminate it

By Tali David

Minneapolis, Dec. 11 - Global Ship Lease, Inc. plans to repay all outstanding borrowings under, and terminate, its existing credit facility with the proceeds from a new notes offering, according to a press release.

Proceeds will also be used to terminate the company's existing interest rate swap agreements and pay related expenses.

Global Ship Lease is a containership charter owner based in London and incorporated in the Marshall Islands.

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