Seaspan Seeks to Raise $1bn

24 August 2010 (Last Updated August 24th, 2010 18:30)

Seaspan Corporation has renewed an expired shelf registration that will allow it to raise up to $1bn through the issue of shares, bonds and other securities. The company is planning to use the proceeds for capital expenditures, debt repayment, working capital and vessel acquisitions.

Seaspan Corporation has renewed an expired shelf registration that will allow it to raise up to $1bn through the issue of shares, bonds and other securities.

The company is planning to use the proceeds for capital expenditures, debt repayment, working capital and vessel acquisitions.

Seaspan said the terms of any securities offered under the statement will be established at the time of the offering.