GSL suspended the issuance of $ 400 million in debt
- Author:James
- Source:Hong Kong shipping
- Release Date:2017-07-16
Global Ship Lease (GSL) has announced a moratorium on the issuance of previously announced high-level secured debt, according to the International Ship Network.
The company said it intends to continue to seek attractive opportunities to take the initiative to refinance up to 10% of senior guarantee bonds in 2019.
In late June, GSL issued $ 400 million worth of debt financing, and the company plans to use the proceeds to redeem all the first priority guarantee bills due but not repaid in 2019 to repay all borrowings in full and terminate the GSL cycle Credit.
As of March 31, 2017, the GSL had a total of 18 ships with a total capacity of 82,312 TEUs and an average age of 12.3 years. All ships were currently granted a lease agreement, of which 15 were leased by Dafa Shipping.
The company said it intends to continue to seek attractive opportunities to take the initiative to refinance up to 10% of senior guarantee bonds in 2019.
In late June, GSL issued $ 400 million worth of debt financing, and the company plans to use the proceeds to redeem all the first priority guarantee bills due but not repaid in 2019 to repay all borrowings in full and terminate the GSL cycle Credit.
As of March 31, 2017, the GSL had a total of 18 ships with a total capacity of 82,312 TEUs and an average age of 12.3 years. All ships were currently granted a lease agreement, of which 15 were leased by Dafa Shipping.