Seaspan expects stock sale to net $105 million
Containership lessor Seaspan Corp. said Friday it expects to have net proceeds, before expenses, of $105.2 million, from an offering of preferred stock set to close May 25.
Seaspan intends to use the net proceeds from the offering for general corporate purposes, which may include making vessel acquisitions or investments.
Seaspan said on Friday it had priced the offering of 4 million share of its Series C cumulative redeemable perpetual preferred at $27.15 per share.
