Global Ship Lease starts roadshow for $400 million seven-year notes

By Paul A. Harris

Portland, Ore., Dec. 11 - Global Ship Lease Inc. began a roadshow on Wednesday in London for a $400 million offering of seven-year first-priority secured notes (expected ratings B3/B), according to an informed source.

The roadshow moves into the New York area on Thursday and Friday, moves to Boston on Monday and to Los Angeles and the West Coast of the United States on Tuesday.

Citigroup Global Markets Inc. is the bookrunner for the Rule 144A and Regulation S offer.

The notes become callable after three years at par plus 50% of the coupon.

The London-based containership charter owner plans to use the proceeds to refinance debt and terminate existing interest rate swaps.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.