📄 Extracted Text (388 words)
From: Richard Kahn
To: "jeffrey E." <jeevacation(gmail.com>
Subject: Fwd: New Issue S25 Par: Seaspan Corporation Cumulative Preferred Stock: 8.00% -
8.125%; Fixed-for-Life
Date: Thu, 04 Aug 2016 13:51:59 +0000
Attachments: 200207 008 Seaspan BMK.PDF
Richard Kahn
HBRK Associates Inc.
Begin forwarded message:
From: "Atlas, Andrew S" <
Subject: New Issue $25 Par: Seaspan Corporation Cumulative Preferred Stock: 8.00% -
8.125%; Fixed-for-Life
Date: August 4, 2016 at 9:47:01 AM EDT
To: "Richard Kahn ( )" <
Hi Rich,
Morgan Stanley is pricing a new issue SSW $25 Par Preferred today.
Here are the details:
Issuer: Seaspan Corporation (Ticker: "SSW ")
Securities Offered: Series H, Cumulative Redeemable Perpetual Preferred Shares
Size: $75mm (3mm $25 par Depositary Shares)
Expected Ratings: NR/NR
Price Guidance: 8.00% - 8.125% (fixed-for-life)
Scheduled Maturity: Perpetual
Format: SEC Registered
Offer Price: $25.00 per Depositary Share
Payment Dates: Quarterly, beginning October 30, 2016
Optional Redemption: Callable at par anytime on or after August 1], 2021
EFTA00822086
Use of Proceeds: Intend to use the net proceeds from this offering for general corporate purposes, which
may include funding acquisitions (which may include equity interests in GCI or assets of GCI), funding capital
expenditures on existing newbuild vessels and debt repayments.
QDI & DRD: ODI eligible: Yes / DRD eligible: No
Selling Restriction: No sales outside of the U.S.
Expected Listing: NYSE
Let me know if you have any questions.
Best,
Andrew
Andrew S. Atlas
First Vice President
Equity Sales/Middle Markets Group
Financial Advisor
Morgan Stanley Wealth Management
NOTICE: Morgan Stanley is not acting as a municipal advisor and the opinions or views contained herein are not intended to be. and do not constitute, advice
within the meaning of Section 975 of the Dodd-Frank Wal Street Reform and Consumer Protection Act. If you have received this communication in error. please
destroy all electronic and paper copies and notify the sender immediately. Mistransmission is not intended to waive confidentiality or privilege. Morgan Stanley
reserves the r"• ht. to the extent rmitted under applicable law, to monitor electronic communications. This message is subject to terms available at the following
link: If you cannot access these links, please notify us by reply message and we will send the contents to you. By
communicating with Morgan Stanley you consent to the foregoing and to the voice recording of conversations with personnel of Morgan Stanley.
EFTA00822087
ℹ️ Document Details
SHA-256
0442d2b596eea20f6d48a00baf6bf0e4709f2e556947f1134d3aafef5fc6443d
Bates Number
EFTA00822086
Dataset
DataSet-9
Document Type
document
Pages
2
Comments 0