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Global Ship Lease, Inc. Message Board

  • foo_star foo_star Mar 10, 2014 8:47 AM Flag

    400 m notes offering - it's Ba-ack.

    "The Company intends to use the net proceeds from the Offering to repay all outstanding borrowings under, and terminate, the Company's existing credit facility, to terminate the Company's existing interest rate swap agreements and to pay related expenses."

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    • I read through the Moody's statement on their preliminary rating. Didn't see any statement that the restriction against paying a dividend was carried over. Anyone else see any language surrounding that? My guess is they continue to use FCF to pay down debt and not instate a dividend but it would be nice to know they have they option to do so going forward if they are inclined.

      Volume today isn't like back in December when they explored this last time. Fool me once, shame on you. Fool me twice...

      Anyways, always interested to hear other's thoughts on GSL or shipping.

      Sentiment: Hold

3.40+0.01(+0.29%)Oct 24 4:00 PMEDT

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