Seaspan's 6.375% notes due 2019 admitted to begin trading on NYSE

By Tali Rackner

Norfolk, Va., April 8 - Seaspan Corp.'s 6.375% senior notes due April 30, 2019 have been admitted to trading on the New York Stock Exchange, according to a notice.

The notes trade under the symbol "SSWN."

The company priced $300 million of the preferreds on March 27, which increased to $345 million on March 31 when the greenshoe was fully exercised.

Sterne Agee & Leach Inc. was the bookrunner and structuring agent for the offering.

Proceeds will be used for general corporate purposes, which may include funding vessel acquisitions or the repayment of debt.

Seaspan is a Hong Kong-based containership company.

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