Global Ship Lease Engages Clarksons Platou Securities to Explore Refinancing Opportunities
June 12 2017 - 7:44AM
Global Ship Lease, Inc. (NYSE:GSL) (the “Company”) announced today
that, in a strengthening market environment, it has mandated
Clarksons Platou Securities to proactively identify opportunities
to refinance its 10% Senior Secured Bonds due 2019. In this
context, the Company has posted an updated investor
presentation to its investor relations website at
www.globalshiplease.com.
About Global Ship Lease
Global Ship Lease is a containership charter owner. Incorporated
in the Marshall Islands, Global Ship Lease commenced operations in
December 2007 with a business of owning and chartering out
containerships under long-term, fixed rate charters to top tier
container liner companies.
At March 31, 2017, Global Ship Lease owned 18
vessels with a total capacity of 82,312 TEU and an average age,
weighted by TEU capacity, of 12.3 years. All vessels are currently
fixed on time charters, 15 with CMA CGM. The average remaining term
of the charters is 3.4 years or 3.7 years on a weighted basis.
Safe Harbor Statement
This press release contains forward-looking
statements. Forward-looking statements provide the Company's
current expectations or forecasts of future events. Forward-looking
statements include statements about the Company's expectations,
beliefs, plans, objectives, intentions, assumptions and other
statements that are not historical facts. Words or phrases such as
"anticipate," "believe," "continue," "estimate," "expect,"
"intend," "may," "ongoing," "plan," "potential," "predict,"
"project," "will" or similar words or phrases, or the negatives of
those words or phrases, may identify forward-looking statements,
but the absence of these words does not necessarily mean that a
statement is not forward-looking. These forward-looking statements
are based on assumptions that may be incorrect, and the Company
cannot assure you that the events or expectations included in these
forward-looking statements will come to pass. Actual results could
differ materially from those expressed or implied by the
forward-looking statements as a result of various factors,
including the factors described in "Risk Factors" in the Company's
Annual Report on Form 20-F and the factors and risks the Company
describes in subsequent reports filed from time to time with the
U.S. Securities and Exchange Commission. Accordingly, you should
not unduly rely on these forward-looking statements, which speak
only as of the date of this press release. The Company undertakes
no obligation to publicly revise any forward-looking statement to
reflect circumstances or events after the date of this press
release or to reflect the occurrence of unanticipated events.
Investor and Media Contact:
The IGB Group
Bryan Degnan
646-673-9701
or
Leon Berman
212-477-8438
Global Ship Lease (NYSE:GSL)
Historical Stock Chart
From Apr 2024 to May 2024
Global Ship Lease (NYSE:GSL)
Historical Stock Chart
From May 2023 to May 2024