Brief: Global Ship Lease Announces Agreement To Acquire Seven Post-Panamax Containerships On Multi-Year Charters

Global Ship Lease

09/02/2021 13:42

Feb 9 (Reuters) - Global Ship Lease Inc  GSL.N :
    * GLOBAL SHIP LEASE ANNOUNCES AGREEMENT TO ACQUIRE SEVEN
POST-PANAMAX CONTAINERSHIPS ON MULTI-YEAR CHARTERS
    * GLOBAL SHIP LEASE - TO PURCHASE AND CHARTER BACK SEVEN
6,000 TEU
POST-PANAMAX CONTAINERSHIPS FOR PURCHASE PRICE OF $116 MILLION
    * GLOBAL SHIP LEASE INC SAYS VESSELS ARE EXPECTED TO
GENERATE
AGGREGATE ADJUSTED EBITDA OF APPROXIMATELY $95 MILLION OVER
AVERAGE FIRM PERIOD OF 3.1 YEARS
    * GLOBAL SHIP LEASE INC SAYS VESSELS ARE SCHEDULED FOR
PHASED
DELIVERY DURING SECOND AND THIRD QUARTERS OF 2021
    * GLOBAL SHIP LEASE INC SAYS EXPECTS TO PAY FOR SHIPS WITH
APPROXIMATELY $40 MILLION OF CASH ON HAND, WITH BALANCE PROVIDED
BY BANK DEBT

Source text for Eikon:  ID:nGNXbZ16Tl 
Further company coverage:  GSL.N 

 ((Reuters.Briefs@thomsonreuters.com;))