The Online Investor
OLI Premium
Retiree Portfolio
Stock Option Ideas
Preferred Stock List
ChartZero.com
ChartZero

Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Aug. 21, 7:55 PM

Slide #7. Global Ship Lease, Inc. Secondary Offering

Company: Global Ship Lease, Inc. (NYSE:GSL)
Date announced: 8/13/2014
Security type: 8.75% Series B Cumulative Perpetual Preferred Shares (GSL.PRB)
Shares Offered: 1,400,000
Date of Pricing: 8/13/2014
Price Per Share: $25
Secondary Offering Details: Global Ship Lease, Inc. (NYSE:GSL) (the "Company") announced today that the offering of 1,400,000 Depositary Shares (the "Depositary Shares"), each of which represents 1/100th of one share of the Company's 8.75% Series B Cumulative Perpetual Preferred Shares ("Series B Preferred Shares"), par value $0.01 per share, with a liquidation preference of $2,500.00 per share (equivalent to $25.00 per Depositary Share), priced at $25.00 per Depositary Share. The aggregate liquidation preference is $35.0 million. The Company has also granted the underwriters a 30-day option to purchase up to an additional 210,000 Depositary Shares. Dividends will be payable on the Series B Preferred Shares at a rate of 8.75% per annum of the stated liquidation preference. The offering is expected to close on or about August 20, 2014 and is subject to customary closing conditions.

Global Ship Lease is engaged in acquiring a fleet of modern containerships of diverse sizes. Co. owns a fleet of modern containerships of diverse sizes and charters the vessels out under long-term, fixed-rate charters. As of Dec 31 2013, the fleet consisted of 17 containerships, including three newly built vessels, with an aggregate capacity of 66,349 TEU and a weighted average age of approximately 9.8 years and a non-weighted average age of 10.9 years.
Open the GSL Page at The Online Investor »

Company Name:  Global Ship Lease, Inc.
Website:  www.globalshiplease.com
Sector:  Shipping
 

Open the GSL Page at The Online Investor (in a new window) »

August 21, 2014    7:55 PM Eastern
Quotes delayed 20 minutes



Strong Buy (4.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Secondary Stock Offerings | www.TheOnlineInvestor.com | Copyright © 1998 - 2014, All Rights Reserved

Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes, powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.