Global Ship Lease to refinance notes, repay facilities with proceeds

By Sarah Lizee

Olympia, Wash., Oct. 10 – Global Ship Lease, Inc. plans to refinance its existing first-priority secured notes due 2019 and repay and terminate its existing revolving credit facility and secured term loan using proceeds from a new offering of notes, according to a press release.

The company announced on Monday that it plans to offer five-year first-priority secured notes totaling between $350 million and $400 million.

Global Ship Lease is a containership charter owner based in London.

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