GlobeNewswire
Global Ship Lease is announcing the secondary offering of its Class A common shares by certain shareholders
LONDON, Feb. 6 / PRNewswire / – Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that KEP VI (Newco Marine), Ltd. and KIA VIII (Newco Marine), Ltd. Both subsidiaries of Kelso & Company, a US private equity firm (collectively the “Selling Shareholders”), intend to offer Class A common shares of Class A common stock with a par value of $ 0.01 per share for sale to the Company ( the “common stock”). The selling shareholders expect to grant subscribers a 30-day option to purchase up to 15% of the common shares offered in the offer. The Company does not receive any proceeds from the sale of common shares by the selling Shareholders. The company’s common stock is listed on the New York Stock Exchange under the symbol “GSL”. Jefferies LLC, Deutsche Bank Securities and Morgan Stanley act as joint book-running managers on the offering. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor is there a sale of these securities in any state or jurisdiction in which such offer, solicitation or sale is prior It would have been illegal to register or qualify under the securities laws of such state or other jurisdiction. A shelf registration statement for the common stock has been filed with the SEC and is effective. The offer is only made by means of a prospectus supplement and the associated base prospectus. A prospectus addendum to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. If available, copies of the Supplement and the related Base Prospectus for the Offering may be obtained from Jefferies LLC. Warning: Prospectus Department of the Equity Consortium, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by phone at (877) 821-7388 or emailingspectus_department@jefferies.com; Deutsche Bank Securities Inc., Prospectus Group, 60 Wall Street, New York, NY 10005, or by calling (800) 503-4611 or emailing spectus.CPDG@db.com; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or email atspectus@morganstanley.com. About Global Ship Lease Global Ship Lease is a leading independent container ship owner with a diversified fleet of medium and smaller container ships. Global Ship Lease was founded in the Marshall Islands and started its business in December 2007 with the business of owning and chartered container ships as part of fixed-price charter to first-class container liner companies. On November 15, 2018, a strategic combination with Poseidon Containers was concluded. Global Ship Lease owns 43 container ships and has completed the purchase of a further seven ships in the 2,207 to 11,040 TEU range with a total capacity (when fully delivered) of 287,336 TEU. 32 ships are post-panamax ships, nine of which are fuel-saving wide-beam vessels with a new design. Adjusted for all agreed charters and ships acquired or sold by March 29, 2021, the average remaining term of the company’s charters as of December 31, 2020 until the middle of the redelivery, including options under the company’s control, was 2.6 years on TEU weighted basis. Contracted revenue on the same basis was $ 967.8 million. Contracted revenue was $ 1,129.5 million, including options under the control of the charterers and with the most recent redelivery date, for a weighted average remaining term of 3.2 years. Safe Harbor Statement This press release contains forward-looking statements. Forward-looking statements provide the Company’s current expectations or projections of future events. Forward-looking statements include statements about the company’s expectations, beliefs, plans, goals, intentions, assumptions and other statements that are not historical facts. Words or phrases such as “anticipate”, “believe”, “continue”, “estimate”, “expect”, “intend”, “may”, “continuously”, “plan”, “potentially”, “predict”, “predict” “Project,” will “or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that any statement is not forward-looking. These forward-looking statements are based on assumptions that may be incorrect and the company cannot assure you that the events or expectations contained in these forward-looking statements will materialize. Actual results could differ materially from those expressed or implied in any forward-looking statement due to various factors, including those described under “Risk Factors” in the Company’s Annual Report on Form 20-F and those described by the Company in subsequent reports that from time to time with the US Securities and Exchange Commission. Accordingly, you should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company undertakes no obligation to publicly revise any forward-looking statements to reflect circumstances or events after the date of this press release or the occurrence of unexpected events. Investor and media contact: The IGB GroupBryan Degnan646-673-9701orLeon Berman212-477 -8438Global Ship Lease Inc.
