Author Topic: SSW - Seaspan  (Read 135660 times)

petec

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Re: SSW - Seaspan
« Reply #510 on: Today at 07:06:52 AM »
filed yesterday:
https://www.sec.gov/Archives/edgar/data/1332639/000119312518277358/d616840dex33.htm

6,000,000 new pref shares @ 8% ... guess it's better than 10%

There must be an immediate need for the capital now?  Alternatively, does this tie into the new revolving facility, ie need for cash on hand?

Also announced repayment of loans on several vessels - may have something to do with that.