Seaspan to redeem $300 million 5.5% senior notes due 2025, 2026

By Marisa Wong

Los Angeles, Aug. 16 – Seaspan Corp., a wholly owned subsidiary of Atlas Corp., intends to redeem all of its remaining 5.5% senior notes held by some affiliates of Fairfax Financial Holdings Ltd., including $250 million of 5.5% senior notes due 2025 and $50 million of 5.5% senior notes due 2026, according to a press release.

The notes will be redeemed for cash on Aug. 23. The redemption price per note will be equal to $1,000 plus all accrued interest from and including July 30 to the redemption date.

Atlas is a Vancouver, B.C.-based global asset manager. Its subsidiary Seaspan is a Hong Kong-based owner and operator of containerships.

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