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Global Ship Lease Reports Results for the First Quarter of 2021 Global Ship Lease, Inc., a containership charter owner, announced its unaudited results for the three months ended March 31, 2021. First Quarter 2021 – Reported operating revenue of $73.0 million for the first quarter 2021. – Reported net income available to common shareholders of $4.2 million for the first quarter 2021 after $5.8 million premium paid on the full optional redemption of our outstanding 9.875% Senior Secured Notes due 2022 (“2022 Notes”) on January 20, 2021, an associated non-cash write off of deferred financing charges of $3.7 million and of original issue discount of $1.1 million, a non-cash charge of $1.3 million for accelerated stock based compensation expense due to vesting and new awards of fully vested incentive shares, and a prepayment fee of $1.6 million on the partial repayment of our Blue Ocean Junior Credit Facility, giving normalized net income(3) of $17.8 million. ....
Global Ship Lease Announces Secondary Offering of its Class A Common Shares by Certain Shareholders Global Ship Lease, Inc. announced that KEP VI (Newco Marine), Ltd. and KIA VIII (Newco Marine), Ltd., both affiliates of Kelso & Company, a U.S. private equity firm (together, the “Selling Shareholders”), intend to offer for sale in an underwritten public offering (the “Offering”) Class A common shares, par value $0.01 per share, of the Company (the “Common Shares”). The Selling Shareholders expect to grant the underwriters a 30-day option to purchase up to an additional 15% of the Common Shares offered in the Offering. The Company will not receive any proceeds from the sale of Common Shares by the Selling Shareholders. ....
Press release content from Globe Newswire. The AP news staff was not involved in its creation. Global Ship Lease Reports Results for the Fourth Quarter of 2020 Global Ship Lease Inc.March 4, 2021 GMT LONDON, March 04, 2021 (GLOBE NEWSWIRE) Global Ship Lease, Inc. (NYSE:GSL) (the “Company,” “Global Ship Lease” or “GSL”), a containership charter owner, announced today its unaudited results for the three months and year ended December 31, 2020. Full Year 2020 and Year To Date 2021 Highlights - Reported operating revenue of $70.0 million for the fourth quarter 2020. Operating revenue for the year ended December 31, 2020 was $282.8 million. - Reported net income available to common shareholders of $10.8 million for the fourth quarter 2020 after $0.5 million premium paid on the redemption in December 2020 of $28.0 million of our 9.875% Senior Secured Notes due 2022 (“2022 Notes”), giving normalized net income(3) of $11.3 million. For the year en ....
Global Ship Lease Reports Results for the Fourth Quarter of 2020 | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Global Ship Lease Announces Notice for the Full Redemption of its 9.875% First Priority Secured Notes Due 2022 January 08, 2021 16:15 ET | Source: Global Ship Lease, Inc. Global Ship Lease, Inc. Marshall Islands, UNITED STATES LONDON, Jan. 08, 2021 (GLOBE NEWSWIRE) Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that it has issued a notice of optional full redemption for all of the currently outstanding $233,436,000 aggregate principal amount of its 9.875% First Priority Secured Notes due 2022 (the “Notes”) at a redemption price equal to 102.469% of the principal amount thereof (the “Redemption Price”) plus accrued and unpaid interest to, but not including, the redemption date of January 20, 2021 (the “Redemption Date”). Interest on the Notes will cease to accrue on and after the Redemption Date. The Company intends to pay the Redemption Price using funds from the draw ....