Seaspan sets price of common share offering

Seaspan sets price of common share offering New York-listed containership charterer Seaspan Corp. has set the public offering price of its 7.66 million common shares at $27.25 per share.
   The offering includes 7 million common shares to be sold in an underwritten public offering and 663,300 shares to be sold directly to certain company executives and affiliates. The underwriters have been granted an option to purchase up to 1.05 million additional common shares to cover any overallotments.
   Seaspan said the net proceeds from the underwritten public offering and the concurrent sale, after underwriting discounts and offering expenses, will be $200.7 million. The proceeds will be used for general corporate purposes, including debt repayment, capital expenditures, working capital and new vessel acquisitions.
   Merrill Lynch & Co., Citi and Goldman, Sachs & Co. acted as joint book-running managers of the public offering. Dahlman Rose & Co. acted as manager.