M&A – Acquisition of 12 Containerships by Global Ship Lease

In July 2021, Global Ship Lease, Inc. (NYSE:GSL), a leading independent owner of containerships, completed its previously announced acquisition of 12 containerships from Borealis Finance LLC for an aggregate purchase price of $233.9, funded with cash on hand, the proceeds of new bank debt, and the issuance of $35.0 million of its existing 8.00% Senior Unsecured Notes. A Seward & Kissel team led by Edward Horton and Nick Katsanos represented Global Ship Lease in this transaction.