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Name | Symbol | Market | Type |
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Seaspan Corp. Cumulative Redeemable Perpetual Preferred Series E (Marshall Islands) | NYSE:SSWPE | NYSE | Preference Share |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration No. 333-224288
Dated September 12, 2018
Relating to Preliminary Prospectus Supplement dated September 12, 2018
SUMMARY OF FINAL TERMS
$150,000,000
SEASPAN CORPORATION
8.00% SERIES I FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PERPETUAL PREFERRED SHARES
Business Day Convention | During the Fixed Rate Period, following business day. During the Floating Rate Period, modified following business day. | |
Optional Redemption | At the option of the Issuer anytime on or after October 30, 2023, in whole or in part, at a redemption price of $25.00 per share plus an amount equal to all accumulated and unpaid dividends thereon to the date of redemption. | |
Issue Price | $25.00 per share. | |
Day Count | 30/360 during the Fixed Rate Period, Actual/360 during the Floating Rate Period | |
Net Proceeds to the Issuer (before expenses) | $145,275,000 | |
Ratings | The Series I Preferred Shares will not be rated by any nationally recognized statistical rating organization. | |
Listing | The Issuer intends to file an application to list the Series I Preferred Shares on the New York Stock Exchange. | |
CUSIP/ISIN | Y75638 141 / MHY756381411 | |
Joint Book-Running Managers | Morgan Stanley & Co. LLC | |
J.P. Morgan Securities LLC RBC Capital Markets, LLC UBS Securities LLC Stifel, Nicolaus & Company, Incorporated Citigroup Global Markets Inc.
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(1) The Issuer expects that delivery of the Series I Preferred Shares will be made against payment therefor on or about September 19, 2018, which will be the 5 th business day following the date hereof (this settlement cycle being referred to as T+5). Under Rule 15c6-1 of the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days, unless the parties to a trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Series I Preferred Shares on the date hereof or the next succeeding business day will be required, by virtue of the fact that the Series I Preferred Shares initially will settle in T+5, to specify alternative settlement arrangements at the time of any such trade to prevent a failed settlement and should consult their own advisor.
This communication is intended for the sole use of the person to whom it is provided by us. This communication does not constitute an offer to sell the Series I Preferred Shares and is not soliciting an offer to buy the Series I Preferred Shares in any jurisdiction where the offer or sale is not permitted.
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The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this
communication relates. Before you invest, you
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ANY DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA BLOOMBERG OR ANOTHER EMAIL SYSTEM. |
1 Year Seaspan Corp. Cumulative Redeemable Perpetual Preferred Series E (Marshall Islands) Chart |
1 Month Seaspan Corp. Cumulative Redeemable Perpetual Preferred Series E (Marshall Islands) Chart |
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