Seaspan closed on a previously announced deal to receive $250m from Fairfax Holdings in return for debt and equity.
Toronto-based Fairfax Holdings will received debentures with a 5.5% coupon and common share purchase warrants in return for the cash infusion into Seaspan.
Vancouver-based Seaspan says the new cash will be used to fund future growth initiatives, debt repayment and for general corporate purposes.
