unencumbered vessels

Seaspan Corporation (“Seaspan”) announced that it has partially prepaid two credit facilities. Upon completion of all collateral release documentation, this will expand Seaspan’s pool of unencumbered vessels to 37¹, from 32 as reported in its press release dated January 16, 2019.

Ryan Courson, Chief Financial Officer of Seaspan, commented, “We continue to execute on our near-term capital strategy to strengthen our balance sheet by deleveraging, increasing our unencumbered fleet, and...

https://container-news.com/seaspan-increases-pool-unencumbered-vessels/

Seaspan Corporation (“Seaspan”) announced that it has prepaid a credit facility which was secured by six of its vessels. Upon completion of the collateral release documentation, this will expand Seaspan’s pool of unencumbered vessels from 18, as reported in its Q3 2018 earnings press release, to 24 vessels.

Ryan Courson, Chief Financial Officer of Seaspan, commented, “Seaspan continues to add flexibility to the Company’s capital structure by de-leveraging and unencumbering vessels. We are firmly...

http://container-news.com/seaspan-increase-pool-unencumbered-assets/