Secondary Stock OfferingsBy The Online Investor Staff, updated Fri., Jan. 22, 5:31 PM
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Slide #2. Global Ship Lease, Inc. — Secondary Offering
Global Ship Lease, Inc. (NYSE:GSL)
Date of Pricing:
Price Per Share:
Secondary Offering Details:
Global Ship Lease, Inc. (NYSE: GSL) (the "Company") announced today that it intends to commence an underwritten public offering (the "Offering") of its Class A common shares, par value $0.01 per share (the "Common Shares"). The net proceeds of the Offering are expected to be used for funding the expansion of the Company's fleet, general corporate purposes, and working capital. The Company also intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent (15%) of the Common Shares offered in the Offering. -updated 1/22- Global Ship Lease, Inc. (NYSE: GSL) (the "Company") announced today the pricing of its previously announced underwritten public offering (the "Offering") of 5,400,000 shares of its Class A common stock, par value $0.01 per share (the "Common Shares") at a public offering price of $13.00 per Common Share. The Company has granted the underwriters a 30-day option to purchase up to an additional 810,000 Common Shares. The Offering will result in gross proceeds to the Company of $70.2 million (or $80.7 million if the underwriters' option to purchase additional Common Shares is exercised in full) prior to deducting underwriting discounts, commissions and other offering expenses.
Global Ship Lease is a holding company. Through its subsidiaries, Co. is engaged in the business of owning and chartering out containerships under fixed rate charters to container liner companies.
Open the GSL Page at The Online Investor »
Strong Buy (4.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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