Global Ship Lease Prices Preferred-Update

By: ,

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.

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We wrote a bit on this one yesterday.

Details of the offering are here.

Shares trade Friday under OTC Temp Ticker  GPSLF

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