Poseidon Containers downsizes with $180.5 million credit facility

By Wendy Van Sickle

Columbus, Ohio, Nov. 15 – Poseidon Containers Holdings LLC obtained a $180.5 million credit facility that matures in June 2022, refinancing $228.8 million of secured bank debt, according to a press release from Global Ship Lease, Inc.

The refinanced bank debt is collateralized by three new eco-design, wide-beam 9,115 TEU vessels.

The refinancing was completed prior to closing of a merger that saw Poseidon combine with Global Ship Lease, a London-based containership charter owner.

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