Seaspan 7.125% Notes due 2027
By: Tim McPartland,
Date Issued 10/2/2017
Shares Issued 3,200,000 Overallotment Shares 480,000
S&P Rating NR Moodys Rating NR
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Security Ticker Symbol SSWA
Market Traded on NYSE
Interest Payment Paid on the 30th of January, April, July and October beginning on 1/30/2018
Quarterly Interest .445 Annual Interest 1.781
Securities may be redeemed as early as 10/10/2020 at a redemption price of $25 plus accrued interest.
Interest Payment Will NOT be a Qualified Distribution (it is interest–not a dividend)
Maturity Date 10/30/2027
Company Investor Relations Page for Seaspan
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Click here to find the offering Prospectus and Final Pricing Document
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
