Global Ship Lease Inc - Ordinary Shares - Class A

NYSE:GSL   3:59:55 PM EDT
-1.64 (-6.68%)
Debt Financing / Related, Other Pre-Announcement, Mergers / Acquisitions

Global Ship Lease Announces Agreement To Acquire 12 Containerships

Published: 06/08/2021 21:14 GMT
Global Ship Lease Inc - Ordinary Shares - Class A (GSL) - Global Ship Lease Announces Agreement to Acquire 12 Containerships.
Global Ship Lease Inc - to Purchase 12 Containerships From Borealis Finance Llc for an Aggregate Purchase Price of $233.9 Million.
Global Ship Lease Inc - Ships Are All on Charter With Leading Liner Operators, With Remaining Charter Durations of Three to 25 Months.
Global Ship Lease Inc - With These Additions, Co's Fleet Will Comprise 62 Containerships With a Total Capacity of 322,770 Teu.
Global Ship Lease Inc - 12 Vessels Are Scheduled for Delivery During Q3 of 2021.
Global Ship Lease - Expects to Fund Deal With Cash, Proceeds of New Bank Debt, and Issuance of $35.0 Million of 8.00% Senior Unsecured Notes to Sellers.
Global Ship Lease Inc - Newly Acquired Ships Are Expected to Contribute About $60.5 Million of Adjusted EBITDA in First 12 Months.
Global Ship Lease - Ships Anticipated to Add About $1.09 EPS in First 12 Months, Based on Today's Outstanding Share Count, Libor, Other Assumptions.