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HONG KONG, CHINA--(Marketwired - March 27, 2014) - Seaspan Corporation ("Seaspan") (NYSE:SSW) announced today that it has priced its previously announced $300 million public offering of senior unsecured notes due 2019 (the "Notes"). The Notes will mature on April 30, 2019 and will bear interest at a rate of 6.375% per year, payable quarterly on each January 30, April 30, July 30 and October 30, beginning on July 30, 2014. Seaspan has granted the underwriters of the offering a 30-day option to purchase up to an additional $45 million of the Notes on the same terms and conditions. The offering is expected to close on April 3, 2014. |
