Global Ship to repay revolver, call 10% notes due 2019 via new issue

By Susanna Moon

Chicago, June 28 – Global Ship Lease, Inc. said it plans to repay and terminate its revolving credit facility using proceeds of a new issue.

Global Ship plans to price $400 million of senior secured notes, according to a company notice on Wednesday.

Proceeds also will be used to redeem the company’s outstanding 10% first priority secured notes due 2019.

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

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