LONDON, April 16, 2021 /PRNewswire/ -
Seaspan Corporation (SSWN) ("Seaspan"), a wholly owned subsidiary of Atlas Corp. (
ATCO) ("Atlas") (NYSE: ATCO), today announced that it has successfully priced US $300 million in new senior unsecured sustainability-linked bonds in the Nordic bond market (the "Offering"). The bonds will mature in April 2026 and bear interest at 6.50% per annum. The net proceeds from the bond issue will be used for general corporate purposes, which may include repayment of debt.
Graham Talbot, CFO of Atlas and Seaspan, commented, "Atlas continues to optimize its capital structure through access to the unsecured credit markets, placing our second Nordic bond issuance, which is a leading ESG principled financial marketplace. We have a solid and growing institutional investor base, which reflects our continued strong and resilient financial performance, consistent quality growth, and our commitment and execution of ESG initiatives. This is another important step toward achieving an investment grade corporate credit rating."
DNB Markets and Fearnley Securities acted as Joint Bookrunners for the Offering.
