Seaspan Corporation (“Seaspan”) announced on Oct. 3 that it has entered into a binding term sheet for a potential investment of up to US$200 million in the restructured Swiber Holdings Limited (“Swiber”, and together with its subsidiaries, the “Swiber Group”), a publicly traded Singaporean offshore engineering, procurement and construction business that owns five maritime vessels. The investment is expected to be funded in two tranches, i) US$20 millionupon closing in exchange for an 80%...
http://container-news.com/seaspan-term-sheet-investment-restructuring-swiber/