Seaspan drops plan to redeem 7.125% senior notes due 2027

By Taylor Fox

New York, Sept. 10 – Seaspan Corp. will not pursue the previously planned early redemption of its outstanding 7.125% senior notes due 2027, according to a news release.

The company said it is focusing on maintaining a strong financial position during a period of uncertainty for the global capital markets.

Seaspan said it may evaluate early redemption of the notes at a later time.

Seaspan is a Hong Kong-based shipping company.

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