Global Ship Lease halts $400 million bonds, still aims to refinance

By Paul A. Harris

Portland, Ore., July 7 – Global Ship Lease, Inc. announced in a Friday press release that it has chosen to suspend its $400 million offering of five-year senior secured notes offering.

The company said it intends to continue its ongoing efforts to identify attractive opportunities to proactively refinance its 10% senior secured bonds due 2019.

Platou Securities was leading the effort to place the new notes.

Global Ship Lease is a containership charter owner headquartered in the Marshall Islands.

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