Danaos Corp is offering millions of dollars in debt as part of an effort to refinance more than $1bn in secured indebtedness.
The John Coustas-led owner of 60 boxships plans to avail $300m in senior secured notes due in 2028 in a private offering.
The New York-listed company expects to put that money, alongside a new $815m senior secured credit facility and a new $135m sale leaseback deal, to refinance $1.25bn
