Atlas Corp Announces Exchange Offer for Seaspan's 7 125% Notes due 2027

Published Apr 07 2021 at 8:15 PM GMT
Key
Points
  • Up to $80 million may be exchanged into new registered notes issued by Atlas LONDON, April 7, 2021 /CNW/ - Atlas Corp.
  • ("Atlas") (NYSE:ATCO) today announced that it has commenced an offer to exchange (the "Exchange Offer") up to $80,000,000 aggregate principal amount of 7 125% Notes due 2027 (the "ATCO Notes"), which have been registered under the Securities Act of 1933, as amended, for any and all outstanding $80,000,000 aggregate principal amount of 7 125% Notes due 2027 of its subsidiary, Seaspan Corporation (the "Seaspan Notes").
  • The Seaspan Notes were originally issued in October 2017.
  • Holders of Seaspan Notes may tender some or all of their Seaspan Notes pursuant to the Exchange Offer.
  • However, Seaspan Notes may be tendered only in a minimum principal amount of $25 and in integral multiples of $25 in excess thereof.




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  • Published Apr 7, 2021 8:15 PM GMT