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Seaspan Corp (SSW.N)

SSW.N on New York Stock Exchange

8.78USD
19 Jun 2018
Change (% chg)

$0.03 (+0.34%)
Prev Close
$8.75
Open
$8.70
Day's High
$8.80
Day's Low
$8.50
Volume
258,013
Avg. Vol
441,160
52-wk High
$9.30
52-wk Low
$5.50

Latest Key Developments (Source: Significant Developments)

Fairfax Financial Invests Additional $500 Mln In Seaspan
Thursday, 31 May 2018 06:36am EDT 

May 31 (Reuters) - Seaspan Corp ::FAIRFAX FINANCIAL INVESTS ADDITIONAL $500 MILLION IN SEASPAN, INCREASING TOTAL INVESTMENT TO $1 BILLION.SEASPAN - ON JULY 16, FAIRFAX WILL EXERCISE ALL OF WARRANTS ISSUED TO FAIRFAX ON FEBRUARY 14, 2018.SEASPAN - FAIRFAX WILL EXERCISE WARRANTS ISSUED TO BUY ABOUT 38.46 MILLION CLASS A SHARES AT EXERCISE PRICE OF $6.50/SHARE.SEASPAN CORP - IN JAN, 2019, FAIRFAX WILL EXERCISE WARRANTS ISSUED TO FAIRFAX IN CONNECTION WITH CLOSING OF FAIRFAX'S SECOND DEBENTURE INVESTMENT.SEASPAN - UPON EXERCISE OF WARRANTS IN JAN 2019, FAIRFAX WILL ACQUIRE ABOUT 38.46 MILLION CLASS A SHARES AT EXERCISE PRICE OF $6.50/SHARE.SEASPAN - FAIRFAX FINANCIAL HOLDINGS TO INVEST EQUITY IN SEASPAN THROUGH EXERCISE OF 2 TRANCHES OF WARRANTS.  Full Article

Seaspan Acquires Greater China Intermodal Investments Llc
Wednesday, 14 Mar 2018 06:43am EDT 

March 14 (Reuters) - Carlyle Group Lp ::SEASPAN ACQUIRES GREATER CHINA INTERMODAL INVESTMENTS LLC.SEASPAN CORP - TRANSACTION SIGNIFICANTLY ACCRETIVE TO SEASPAN'S EARNINGS PER SHARE.SEASPAN - DEAL FOR IMPLIED ENTERPRISE VALUE OF GCI IS ABOUT $1.6 BILLION.SEASPAN - ACQUIRED REMAINING 89% CO DID NOT OWN OF GREATER CHINA INTERMODAL INVESTMENTS LLC FROM AFFILIATES OF CARLYLE GROUP & MINORITY OWNERS OF GCI.SEASPAN-FAIRFAX FINANCIAL TO INVEST ADDITIONAL $250 MILLION IN 5.5% DEBENTURES AND WARRANTS, INCREASING TOTAL FAIRFAX INVESTMENT IN SEASPAN TO $500 MILLION.SEASPAN - DEAL CONSIDERATION TO SELLING SHAREHOLDERS WILL BE CASH OF ABOUT $330 MILLION & $50 MILLION ISSUANCE OF CO'S SERIES D PREFERRED SHARES.SEASPAN - FINANCED DEAL CASH CONSIDERATION WITH CASH FROM BALANCE SHEET & $16 MILLION REINVESTMENT BY WASHINGTON FAMILY IN CO'S COMMON EQUITY.SEASPAN - IMPLIED ENTERPRISE VALUE OF GCI INCLUDES ASSUMED THIRD PARTY NET DEBT OF ABOUT $1.0 BILLION & $140 MILLION OF FUTURE VESSEL PAYMENTS.SEASPAN - GCI'S CURRENT FLEET WILL ADD ABOUT $1.3 BILLION TO CO'S CONTRACTED FUTURE REVS, INCREASING CO'S TOTAL CONTRACTED FUTURE REVS TO ABOUT $5.6 BILLION.  Full Article

Seaspan Q4 Earnings Per Share $0.34
Tuesday, 27 Feb 2018 07:13pm EST 

Feb 27 (Reuters) - Seaspan Corp ::SEASPAN REPORTS FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED DECEMBER 31, 2017.Q4 ADJUSTED EARNINGS PER SHARE $0.16.Q4 EARNINGS PER SHARE $0.34.Q4 REVENUE $214.4 MILLION.  Full Article

Seaspan Acquires Two 2500 TEU Vessels And Enters Into Four Year Time Charters With Maersk
Monday, 5 Feb 2018 04:31pm EST 

Feb 5 (Reuters) - Seaspan Corp ::SEASPAN ACQUIRES TWO 2500 TEU VESSELS AND ENTERS INTO FOUR YEAR TIME CHARTERS WITH MAERSK.SEASPAN - ‍UPON DELIVERY OF BOTH VESSELS CO'S OPERATING AND MANAGED FLEET, INCLUDING NEWBUILDS, WILL EXPAND TO 112 VESSELS.  Full Article

Seaspan Says Fairfax Financial To Invest In Co For Issuance Of 5.5% Interest Bearing Unsecured Debentures, Share Purchase Warrants
Wednesday, 3 Jan 2018 04:31pm EST 

Jan 3 (Reuters) - Seaspan Corp ::SEASPAN ANNOUNCES LETTER OF INTENT FOR POTENTIAL $250 MILLION UNSECURED 5.50% DEBENTURE AND WARRANT INVESTMENT FROM FAIRFAX FINANCIAL HOLDINGS LIMITED.SEASPAN - FAIRFAX FINANCIAL TO INVEST IN CO FOR ISSUANCE OF 5.5% INTEREST BEARING UNSECURED DEBENTURES, CLASS A SHARE PURCHASE WARRANTS.SEASPAN - INTENDS TO USE PROCEEDS FROM $250 MILLION INVESTMENT TO FUND FUTURE GROWTH INITIATIVES, DEBT REPAYMENT.SEASPAN - FAIRFAX MAY NOMINATE 1 INDEPENDENT DIRECTOR TO CO'S BOARD IF LESS THAN 50%, BUT OVER 20%, OF DEBENTURES REMAIN OUTSTANDING.SEASPAN-‍FAIRFAX WILL HAVE RIGHT TO NOMINATE TWO INDEPENDENT DIRECTORS TO BOARD OF DIRECTORS OF CO FOR SO LONG AS 50% OF DEBENTURES REMAIN OUTSTANDING​.  Full Article

Seaspan appoints Bing Chen as CEO
Tuesday, 31 Oct 2017 05:47pm EDT 

Oct 31 (Reuters) - Seaspan Corp :Seaspan appoints Bing Chen as chief executive officer.Seaspan Corp - ‍Gerry Wang will be retiring as CEO and director of Seaspan effective November 3​.Seaspan Corp - ‍upon Wang's retirement, Peter Curtis will also serve as Seaspan's interim chief executive officer until Chen's arrival​.  Full Article

Seaspan Corp reports Q3 earnings per share $0.26
Tuesday, 31 Oct 2017 05:45pm EDT 

Oct 31 (Reuters) - Seaspan Corp :Seaspan reports financial results for the three and nine months ended September 30, 2017.Q3 adjusted earnings per share $0.18.Q3 earnings per share $0.26.Q3 revenue $211 million versus I/B/E/S view $212.2 million.Q3 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.  Full Article

Seaspan announces pricing of $80 mln public offering of 7.125% senior notes
Monday, 2 Oct 2017 08:51pm EDT 

Oct 2 (Reuters) - Seaspan Corp :Seaspan announces pricing of $80 million public offering of 7.125% senior notes.Priced its previously announced $80 million public offering of senior unsecured notes due 2027.  Full Article

Seaspan announces public offering of senior notes
Monday, 2 Oct 2017 09:10am EDT 

Oct 2 (Reuters) - Seaspan Corp :Seaspan announces public offering of senior notes.Seaspan Corp - ‍intends to use net proceeds from offering to repay existing indebtedness​.Seaspan Corp - ‍announced that it plans to offer senior unsecured notes due 2027​.  Full Article

Seaspan accepts delivery of third 11000 TEU SAVER containership
Thursday, 28 Sep 2017 06:30am EDT 

Sept 28 (Reuters) - Seaspan Corp ::Seaspan accepts delivery of third 11000 TEU SAVER containership.Seaspan Corp - ‍accepted delivery of MSC Nitya B that will commence a bareboat charter with MSC Mediterranean Shipping Company for 17 years​.  Full Article

BRIEF-Seaspan Accepts Delivery Of Second 10000 TEU Saver Containership In Four Ship Series

* SEASPAN ACCEPTS DELIVERY OF SECOND 10000 TEU SAVER CONTAINERSHIP IN FOUR SHIP SERIES Source text for Eikon: Further company coverage: