LONDON, May 13, 2021 /PRNewswire/ – Atlas Corp. (ATCO) (“Atlas”) (NYSE: ATCO) today announced the final results of its previously announced offer to exchange (the “Exchange Offer”) up to $80,000,000 aggregate principal amount of 7.125% Notes due 2027 (the “ATCO Notes”), which have been registered under the Securities Act of 1933, as amended, for any and all outstanding $80,000,000 aggregate principal amount of 7.125% Notes due 2027 of its subsidiary, Seaspan Corporation (SSWN) (the “Seaspan Notes”). The Seaspan Notes were originally issued in October 2017. The Exchange Offer expired at 5:00 pm New York City time on Wednesday, May 12, 2021 and will be settled on Monday, May 17, 2021 (the “Settlement Date”).
Upon the terms and subject to the conditions specified in Atlas’s Offer to Exchange, dated April 7, 2021 (the “Exchange Offer Prospectus”), filed with the United States Securities and Exchange Commission (the “SEC”), holders of the Seaspan Notes validly tendered $52,198,825 principal amount of Seaspan Notes and Atlas will therefore issue $52,198,825 principal amount of ATCO Notes in exchange for such validly tendered Seaspan Notes.