Comment / On the wires: Seaspan goes full steam ahead after debt deal

“Seaspan Corporation announced (…) the closing of a $500m increase (the “Accordion”) to its portfolio financing program (the “Program”). The Program initially closed on May 15, 2019 with a total capacity of $1.0bn, and subsequent to closing of the Accordion, has a total capacity of $1.5bn.” – Seaspan (SSW), 19 September 2019.

Remember the bears? Where are they now? This time last year and in 2017 the bears were all ready to downplay the prospects of the world’s largest non-operating containership owner ...