Friday, 25 January 2019 15:24

Washingtons eye $474m Seaspan sell-off

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Seaspan has been slowly pre-paying its credit facilities, releasing ships and as of mid-January Seaspan's pool of unencumbered vessels increased to 32. Earlier this week TradeWinds reported that companies controlled by the Washington family have registered up to 52.81m shares for sale at a maximum price of $8.98 each - this would bring in more than $474m. The shares are owned by companies including Deep Water Holdings, the Kevin Lee Washington 2014 Trust, the Kyle Roy Washington 2014 Trust and the Kyle Roy Washington 2005 Trust. Seaspan has advised that the additional capital is earmarked for growth and debt repayment. 

Read 1154 times Last modified on Friday, 25 January 2019 16:31
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