Global Ship Lease (GSL) is offering $27.5m in senior unsecured notes at 8% as a means to pay off some debt maturing in 2022.

The Ian Webber-led boxship owner said the notes will mature at the end of 2024 and will be payable in arrears on the last days of February, May, August and November of each year, starting 29 February 2020 and at maturity.