Global Ship Lease (GSL) has swooped on a dozen containerships from the fleet of Borealis Finance in a $233.9m deal.
The acquired vessels have an average size of around 3,000 teu and come with outstanding charters of between three and 25 months.
GSL will fund the purchase with cash on hand, the proceeds of new bank debt and the issuance of $35m of its existing 8% senior unsecured notes.
