Global Ship Lease Prices Preferred-Update
By: Tim McPartland,
August 14, 2014 – 9:45 am
Global Ship Lease (ticker:GSL) has priced their new preferred shares at 8.75% for 1,400,000 shares.
This is a bit of a disappointment to us as we thought it would come at 9% or above–but we haven’t reviewed recent financials and maybe they are more financially solid than we had believed.
We wrote a bit on this one yesterday.
Details of the offering are here.
Shares trade Friday under OTC Temp Ticker GPSLF