Global Ship Lease (GSL) bondholders may sell their debt back to the London-based containership player.
The New York-listed company has begun a cash tender offer to buy up to $20m of outstanding 9.875% secured notes due 2022 at 102% of principal plus interest to the purchase date.
The annual mandatory offer is being made pursuant to bond rules, within 30 days following 15 November of each year.
