Seaspan Corporation’s fundraising campaign has sold out with the company pocketing gross proceeds of $80m.
The New York-listed owner will bank $77.6m after costs, as it completed the public offering of 3.2 million G shares.
It announced the offering last week and is paying a dividend of 8.2%, or $2.05 per share.
Seaspan said it intends to use the net proceeds for funding acquisitions, which may include equity interests in Greater China Intermodal Investments, a joint venture with private equity firm Carlyle Group and two key Seaspan shareholders.
Proceeds
