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Global Ship Lease, Inc. 8.00% Senior Notes Due 12/31/2024
Ticker Symbol: GSLD* CUSIP: Y27183147 Exchange: NYSE
* NOTE: This security is no longer trading as of 7/18/2022
Security has been Called for: Monday, July 18, 2022
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June 17, 2022 -- Global Ship Lease, Inc. (NYSE: GSL) today announced that it has delivered a notice of redemption (the “Full Redemption”) to the registered holders of its 8.00% Senior Notes due 2024 (the “2024 Notes”) of $89,020,500 aggregate principal amount of 2024 Notes, representing the entire outstanding balance of 2024 Notes (the “Redeemed Notes”). Pursuant to the terms of the indenture governing the 2024 Notes, the Company has elected to effect the Full Redemption in advance of the maturity date, and the redemption price for the Redeemed Notes will be equal to 102% of the principal amount thereof (the “Redemption Price”) plus accrued and unpaid interest to, but not including, the redemption date of July 18, 2022 March 7, 2022 -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that it has delivered notice of partial redemption of its 8.00% Senior Notes due 2024 (the “Notes”) to Wilmington Savings Fund Society, as trustee, registrar, and paying agent (the “Trustee”). The Company has elected to effect a redemption (the “Redemption”) of $28,500,000 aggregate principal amount of the Notes (the “Redeemed Notes”) at a redemption price equal to 102.00% of the principal amount thereof (the “Redemption Price”) plus accrued and unpaid interest to, but not including, the redemption date of April 5, 2022 (the “Redemption Date”).
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Global Ship Lease, Inc. 8.00% Senior Notes Due 12/31/2024 issued in $25 denominations, redeemable at the issuer's option on or after 12/31/2021 at $25.50 per note plus accrued and unpaid interest, on or after 12/31/2022 at $25.25 per note plus accrued and unpaid interest, on or after 12/31/2023 at $25.00 per note plus accrued and unpaid interest and maturing 12/31/2024. Interest distributions of 8.00% per annum ($2.00 per annum or $0.50 per quarter) will be paid quarterly on 2/28, 5/31, 8/31 & 11/30 to holders of record on the record date that will be set by the board (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. Upon the occurrence of a change of control before 12/31/2021 the company will have the option to redeem the preferred shares at $26 per share plus accrued and unpaid dividends (see prospectus for more details). This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (GSL)
IPO - 11/14/2019 - 1.10 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $89.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: 25 Wilton Road, London SW1V 1LW, , United Kingdom |
| Main Phone Number |
44 (0)20 7869 8006 |
| Fax Number |
44 (0)20 7869 8119 |
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Inv Rel Phone Number
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44 (0)20 7869 8006 |
| Address and Phone Numbers |
| U.S. Representative |
N.A. |
| Address: |
| Main Phone Number |
Not Available |
| Fax Number |
212-477-8236 |
| Public Relations
Bryan Degnan, The IGB Group
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646-673-9701
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Toll Free Phone Number |
Unknown |
| CEO - Ian J. Webber |
CFO - Tassos Psaropoulos |
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