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Seaspan Corp., 6.375% Senior Notes due 4/30/2019
Ticker Symbol: SSWN* CUSIP: 81254U205 Exchange: NYSE
* NOTE: This security is no longer trading as of 4/30/2019
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Seaspan Corp. 6.375% Notes due 2019, issued in $25 denominations and not redeemable prior to maturity. The Notes will mature on 4/30/2019. Interest distributions of 6.375% per annum ($1.59375 per annum or $0.39844 per quarter) will be paid quarterly on 1/30, 4/30, 7/30 & 10/30 to holders of record on the record date that will be 1/15, 4/15, 7/15 & 10/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Upon a Change of Control the issuer is required to repurchase all outstanding notes at a repurchase price equal to 101% of the principal amount of the notes plus accrued and unpaid interest (see the prospectus for details). Any payments made by the issuer with respect to the Notes will be made without withholding or deduction for or on account of taxes unless required by law (see propectus for further information). 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. 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 (ATCO*)
IPO - 3/27/2014 - 12.00 Million Notes @ $25.00/note.
Link to IPO Prospectus
Market Value $300.0 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: Unit 2, 2nd Floor, Bupa Centre, 141 Connaught Road West, Hong Kong, China |
| Main Phone Number |
+852.2540 1686 |
| Fax Number |
+852.2540 1689 |
| Address and Phone Numbers |
| U.S. Representative |
N.A. |
| Address: c/o 2600 - 200 Granville St., Vancouver, BC V6C 1S4, Canada |
| Main Phone Number |
604-638-2575 |
| Fax Number |
604-676-2296 |
| Investor Contact (CFO)
Sai W. Chu
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604-638-2575
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Toll Free Phone Number |
Unknown |
| CEO - Gerry Wang |
CFO - Sai W. Chu |
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