LONDON, Dec. 13,
2022 /CNW/ -Seaspan Corporation ("Seaspan" or the
"Company") a wholly owned subsidiary of Atlas Corp. ("Atlas"), has
today instructed Nordic Trustee to make certain revisions to the
summons to bondholders' meeting for the Company's senior unsecured
bonds maturing in April 2026 (ISIN NO
0010981939) as announced on December 1,
2022. The revisions are set out in the attachment to this
press release. The date and time for the bondholders' meeting will
remain unchanged at December 16,
2022, at 13:00 hours CET.
The background for the amendment proposal is the announcement by
Atlas on November 1, 2022 that Atlas
will be acquired by Poseidon Acquisition Corp. An investor
presentation has been prepared for the amendment proposal and can
be found on the Atlas website under Events & Presentations at
https://ir.atlascorporation.com/events-and-presentations.
DNB Markets is acting as financial advisor to Seaspan.
About Atlas
Atlas is a leading global asset management company,
differentiated by its position as a best-in class owner and
operator with a focus on disciplined capital deployment to create
sustainable shareholder value. We target long-term, risk-adjusted
returns across high-quality infrastructure assets in the maritime
sector, energy sector and other infrastructure verticals. For more
information visit atlascorporation.com.
About Seaspan
Seaspan is the largest global containership lessor,
primarily focused on long-term, fixed-rate leases with the world's
largest container shipping liners. As at September 30, 2022, Seaspan's operating fleet
consisted of 129 vessels with a total capacity of 1,180,230 TEU,
and an additional 61 vessels under construction, increasing total
fleet capacity to 1,919,230 TEU, on a fully delivered basis. For
more information, visit seaspancorp.com.
Cautionary Note Regarding Forward-Looking Statements
This statement and the materials referenced herein contain
certain forward-looking statements concerning future events,
including the transaction giving rise to the Amendment Proposal.
Forward-looking statements are statements that are not historical
facts and may be identified by words such as "anticipate",
"believe", "continue", "estimate", "expect", "intends", "may",
"should", "will" and similar expressions. The forward-looking
statements in this release are based upon various assumptions, many
of which are based, in turn, upon further assumptions. Although
Seaspan believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and
unknown risks, uncertainties, contingencies, and other important
factors which are difficult or impossible to predict and are beyond
its control. Actual events may differ significantly from any
anticipated development due to a number of factors, including
without limitation, changes in the general economic, political and
market conditions in the markets in which Seaspan operates and
changes in laws and regulations. Such risks, uncertainties,
contingencies, and other important factors include, but are not
limited to, the possibility that the transaction giving rise to the
Amendment Proposal may not be completed and could cause actual
events to differ materially from the expectations expressed or
implied in this release by such forward-looking statements. The
information, opinions and forward-looking statements contained in
this announcement speak only as at its date and are subject to
change without notice. Seaspan and its respective affiliates
expressly disclaim any obligation or undertaking to update, review
or revise any statement contained in this announcement whether
because of new information, future developments or otherwise.
This information is considered to be inside information pursuant
to the EU Market Abuse Regulation and subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities
Trading Act. This stock exchange notice was published by
Peter Li, Associate General Counsel
of Seaspan Corporation on 13 December
2022 at 5:30 pm CET.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/seaspan-announces-revised-amendment-terms-for-bondholders-meeting-301701912.html
SOURCE Atlas Corp.