Seaspan Corp has attained $1bn in loans in an effort to restructure its debt.
The New York-listed containership owner today closed a new $1bn portfolio financing programme made up of a $200m revolving credit facility and an $800m term loan.
Bing Chen-led Seaspan can double the loan by expanding the facilities, getting more loans or issuing private placement notes, in each case by enlarging a present collateral pool of 36 ships.
