filecrux
Oct 12, 8:36 PM
$GSL (Global Ship Lease, containership owner-lessor) agreed a
$1B, 7-year bank loan at SOFR + 1.5%, drawn ship by ship as its 15 newbuilds deliver, late 2028 through 2030. It covers ~75% of their
$1.33B price and is ~1.5x GSL's
$676.4M debt at June 30, 2026, and ~62% of its ~
$1.61B market value at the Oct 9, 2026 close of
$44.575. The 1.5% margin is below the 1.85% on its existing
$216.0M syndicated loan but above the 1.40% on the
$55.5M BofA facility it signed in June 2026. Each ship starts a charter on delivery; draws begin late 2028.
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