Global Ship Lease (GSL) tendered nearly all $20m of debt put up for repurchase through an annual mandatory offer.
The New York-listed boxship owner bought back $17.3m of the outstanding 9.875% first priority secured notes due 2022, the company said Monday. The offer expired Friday.
GSL expects to buy those notes Tuesday at 102% for a total purchase price of approximately $17.7m.
