Fairfax Financial Holdings has closed the second tranche of its $1bn investment in Seaspan Corp.
Seaspan says Fairfax bought $250m of senior notes and warrants which were immediately exercised to double the proceeds.
The additional capital is earmarked for growth and debt repayment, investors are told.
Fairfax first linked up with Seaspan last March with the first round of $500m secured in May 2018.
