Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
    • Articles & Insights
    • Resolving MCA Distress
    • Resolving Business Distress
  • Recruiting
    • Molloy Associates Senior Asset Based Lending Originator Location: Remote
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
    • Articles & Insights
    • Resolving MCA Distress
    • Resolving Business Distress
  • Recruiting
    • Molloy Associates Senior Asset Based Lending Originator Location: Remote
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home Deal Announcements

BNP Arranges Seaspan 1B Facility Amendment

byABF Journal Staff
December 31, 2013
in Deal Announcements

_x000D_
Seaspan announced it entered into an agreement to extend and refinance its $1 billion credit facility. BNP Paribas Securities acted as the lead arranger of the amended facility._x000D_

_x000D_
Gerry Wang, CEO, co-chairman, and co-founder of Seaspan, commented, “We appreciate the strong support we continue to receive from leading global banks and are pleased to have successfully refinanced the $1 billion facility ahead of the maturity date and under attractive terms. The refinancing provides multiple benefits for Seaspan and its shareholders, as we extended the maturity of the facility and decreased our total debt position, enabling the company to further strengthen its capital structure. We believe we remain well positioned to continue to capitalize on a compelling acquisition environment, while utilizing our growing asset base and cash flows.”_x000D_

_x000D_
Under the terms of the amended facility and effective January 31, 2014, the maturity date will be extended from May 2015 to May 2019 and the outstanding amount of the facility will be reduced to approximately $435 million and bear interest at market terms. Seaspan intends to fund this payment by drawing amounts under an existing refinancing facility, which will be secured by certain ships currently pledged as collateral under the $1 billion facility, and with its substantial existing liquidity. In connection with entering into the amended credit facility, the company is amending an existing interest rate swap arrangement to more closely correspond to the terms of the amended facility._x000D_

_x000D_
Seaspan provides many of the world’s major shipping lines with creative outsourcing alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with ship management services. _x000D_

Previous Post

Next Post

Nonbank Lender OnDeck Capital Files for IPO

Related Posts

Deal Announcements

Billd Secures $100MM Credit Facility from Victory Park Capital

November 6, 2026
Deal Announcements

ARM Energy Closes $600MM Revolving Credit Facility with Bank Syndicate

November 6, 2026
Deal Announcements

NXT Capital Closes Senior Credit Facility in Support of Pfingsten Partners’ Acquisition

November 6, 2026
Deal Announcements

eCapital Provides $10MM Accounts Receivable Financing Facility to AI Data Services Provider

November 6, 2026
Deal Announcements

Sallyport Delivers $1.5MM to Specialty Food Manufacturer

November 6, 2026
Wingspire Capital Provides Over $500MM in Corporate Finance Commitments in H1/25
Deal Announcements

TPG Twin Brook Supports Blue Sea Capital

November 6, 2026
Next Post

Nonbank Lender OnDeck Capital Files for IPO

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Slower Deals, Higher Stakes: Why Quality Still Closes in the Lower Middle Market

Slower Deals, Higher Stakes: Why Quality Still Closes in the Lower Middle Market

November 4, 2026

Sponsors Turn Debt Into Distributions: How Leveraged Loan Recaps Became Private Equity’s Exit Substitute

October 23, 2026

When the K-Shaped Economy Meets the Maturity Wall

October 16, 2026

Sorry, It Was Nothing Personal

October 11, 2026

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
    • Articles & Insights
    • Resolving MCA Distress
    • Resolving Business Distress
  • Magazine
    • Magazine Issues
    • Nominations
  • Molloy Associates
    • Molloy Associates Senior Asset Based Lending Originator Location: Remote
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years