Global Ship Lease has redeemed the remainder of senior notes coming due in 2024.
The Ian Webber-led container ship owner will buy back $89m in notes at 102% of the principal amount, plus accrued interest up to but excluding Saturday’s redemption date.
Once the redemption is complete, there will be no 2024 notes outstanding and the 2024 notes will cease trading on the New York Stock Exchange.
