Seaspan Corporation ("Seaspan"), a wholly owned subsidiary of Atlas Corp. ("Atlas") (NYSE: ATCO), today announced it has entered into a note purchase agreement to issue, in a private placement (the "Private Placement"), $500 million principal amount of fixed-rate, sustainability-linked senior secured notes (the "Notes") as part of Seaspan's portfolio financing program (the "Program"). The proceeds from the Notes are intended to pay down existing debt in the Program, to fund capital expenditures
Seaspan Corporation ("Seaspan"), a wholly-owned subsidiary of Atlas Corp. ("Atlas") (NYSE: ATCO), today announced that it has entered into agreements with a major shipyard to construct four ultra-modern 7,700 TEU dual-fuel liquefied natural gas containership newbuilds (the "Vessels"). The Vessels are anticipated to be delivered in the third and fourth quarters of 2024, and will enter into long-term charters with a leading global liner customer upon completion. The charters include purchase oblig
ATCO, CNO, and LOB have been added to the Zacks Rank #5 (Strong Sell) List on May 16, 2022.