Danaos Corporation prices 500 million senior notes offering
Reuters
Oct 10, 2025
Danaos Corporation prices 500 million senior notes offering
Danaos Corporation has announced the pricing of its $500 million offering of 6.875% Senior Notes due 2032. The notes are being offered and sold in a private offering exempt from the registration requirements under the U.S. Securities Act of 1933. The company plans to use the net proceeds to redeem in full its $262.8 million outstanding principal amount of 8.500% Senior Notes due 2028 on or about March 1, 2026, repay in full outstanding principal under its BNP Paribas/Credit Agricole $130 million Secured Credit Facility and Alpha Bank $55.25 million Secured Credit Facility on December 1, 2025, cover refinancing-related costs and fees, and for general corporate purposes. The offering is expected to close on or about October 16, 2025, subject to customary closing conditions.
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