LONDON, Jan. 21, 2021 /PRNewswire/ – Seaspan Company (“Seaspan”), a completely owned subsidiary of Atlas Corp. (“Atlas”) (NYSE: ATCO), immediately introduced that it has efficiently priced US $200 million in new senior unsecured sustainability-linked bonds within the Nordic bond market (the “Providing”). The bonds will mature in February 2024 and bear curiosity at 6.5% every year. The online proceeds from the bond subject will likely be used for basic company functions, which can embrace reimbursement of debt.
Bing Chen, President and CEO of Atlas, commented, “We’re happy to proceed to entry the unsecured credit score markets with this issuance and essential entry into the Nordic bond market. The sturdy international investor demand demonstrated important curiosity in our dedication to ESG and heightened environmental aims mixed with our sturdy monetary efficiency and constant development. Atlas is targeted on producing high quality development, mixed with prudent monetary self-discipline and stringent capital allocation which is supported by this issuance. We proceed to enhance our capital construction as we stay dedicated to our longer-term goal of reaching an funding grade credit standing.”
DNB Markets and Fearnley Securities acted as Joint Bookrunners for the Providing.
About Atlas
Atlas is a number one international asset administration firm, differentiated by its place as a best-in-class proprietor and operator with a give attention to deploying capital to create sustainable shareholder worth. Atlas brings collectively an skilled asset administration staff with deep operational and capital allocation expertise. We goal long-term, threat adjusted returns throughout high-quality infrastructure property within the maritime sector, power sector and different infrastructure verticals. Our two portfolio firms, Seaspan Company and APR Power are distinctive, industry-leading working platforms within the international maritime and power areas, respectively.
For extra info go to atlascorporation.com.
About Seaspan
Seaspan is a number one unbiased proprietor and operator of containerships with {industry} main ship administration companies. We constitution our vessels primarily pursuant to long-term, fixed-rate, time charters to the world’s largest container shipping liners. Seaspan’s fleet consists of 127 containerships, representing complete capability of roughly 1,073,000 TEU with $4.0 billion of contracted income as of September 30, 2020. Seaspan’s working fleet of vessels has a mean age of roughly 7 years and a mean remaining lease interval of roughly 4 years, on a TEU-weighted foundation.
For extra info go to seaspancorp.com.
Necessary Discover
This announcement is just not and doesn’t kind part of any provide to promote, or a solicitation of a proposal to buy, any securities of the Firm.
This doc (and the knowledge contained herein) doesn’t include or represent a proposal of securities on the market, or solicitation of a proposal to buy securities, in america, Australia, Canada or Japan or some other jurisdiction. The securities referred to herein haven’t been and won’t be registered underneath the U.S. Securities Act of 1933, as amended (“Securities Act“), and will not be provided or bought in america or to U.S. individuals except the securities are registered underneath the Securities Act, or an exemption from the registration necessities of the Securities Act is accessible. No public providing of the securities will likely be made in america of America.
This announcement is an commercial and doesn’t represent a prospectus for the needs of the Prospectus Regulation (EU) 2017/1129 (as amended, along with any relevant implementing measures in any Member State, the “Prospectus Regulation”). In any EEA Member State that has applied the Prospectus Regulation, this communication is simply addressed to and is simply directed at certified traders in that Member State inside the that means of the Prospectus Regulation. As well as, within the United Kingdom, this announcement is just not being distributed, nor has it been authorised for the needs of Part 21 of the Monetary Companies and Markets Act 2000 (“FSMA”), by an individual licensed underneath FSMA and is directed solely at individuals who (i) are outdoors the United Kingdom, (ii) are funding professionals falling inside Article 19(5) of the U.Okay. Monetary Companies and Markets Act 2000 (Monetary Promotion) Order 2005 (as amended) (the “Order”) or (iii) excessive web price firms, and different individuals to whom it might lawfully be engaged with, falling inside Article 49(2)(a) to (d) of the Order (all such individuals in (i), (ii) and (iii) above collectively being known as “related individuals”). On no account ought to individuals who aren’t related individuals rely or act upon the contents of this announcement. Any funding or funding exercise to which this announcement relates within the United Kingdom is accessible solely to, and will likely be engaged solely with, related individuals.
Cautionary Word Concerning Ahead-Wanting Statements
This launch comprises sure forward-looking statements (as such time period is outlined in Part 21E of the Securities Change Act of 1934, as amended) regarding future occasions, together with forward-looking statements relating to the usage of proceeds from the Providing to enhance our capital construction and our dedication to our longer-term goal of reaching an funding grade credit standing. Statements which are predictive in nature, that rely upon or seek advice from future occasions or situations, or that embrace phrases akin to “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, “tasks”, “forecasts”, “will”, “might”, “potential”, “ought to”, and comparable expressions are forward-looking statements. These forward-looking statements replicate administration’s present expectations solely as of the date of this launch. Because of this, you might be cautioned to not depend on any forward-looking statements. Though these statements are based mostly upon assumptions we consider to be cheap based mostly upon obtainable info, they’re topic to dangers and uncertainties. These dangers and uncertainties embrace, however aren’t restricted to these elements detailed every now and then in our periodic reviews and filings with the Securities and Change Fee, together with Atlas’s Annual Report on Kind 20-F for the 12 months ended December 31, 2019 and Atlas’s Report on Kind 6-Okay for the quarter ended September 30, 2020. We expressly disclaim any obligation to replace or revise any of those forward-looking statements, whether or not due to future occasions, new info, a change in our views or expectations, or in any other case. We make no prediction or assertion concerning the efficiency of any of our securities.
SOURCE Atlas Corp.