Exhibit 99.1
Seaspan Corporation
Unit 2, 2nd Floor, Bupa Centre
141 Connaught Road West
Hong Kong, China
c/o 2600 – 200 Granville Street
Vancouver, BC
Canada V6C 1S4
Tel:604-638-2575
Fax:604-648-9782
www.seaspancorp.com
Seaspan Announces Public Offering of Series IFixed-to-Floating Rate Cumulative
Redeemable Perpetual Preferred Shares
HONG KONG, CHINA, September 12, 2018 – Seaspan Corporation (“Seaspan”) (NYSE:SSW) announced today that it plans to offer shares of its Series IFixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares (the “Series I Preferred Shares”) in a registered public offering pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission. Seaspan has also granted the underwriters a30-day option to purchase additional Series I Preferred Shares.
Seaspan intends to use the net proceeds from the offering for general corporate purposes, which may include funding acquisitions, debt repayments and redeeming certain of Seaspan’s existing preferred shares. Following the offering, Seaspan intends to file an application to list the Series I Preferred Shares on The New York Stock Exchange.
Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC, UBS Securities LLC, Stifel, Nicolaus & Company, Incorporated and Citigroup Global Markets Inc. will act as joint book-running managers for the offering.
When available, copies of the prospectus supplement and accompanying base prospectus related to the offering may be obtained from:
Morgan Stanley & Co. LLC, 180 Varick Street, Second Floor, New York, NY 10014, Attn: Prospectus Delivery or telephone: (866)718-1649;
J.P. Morgan Securities LLC, 383 Madison Ave, New York, NY 10179, Attn: Investment Grade Syndicate Desk or telephone (collect): (212)834-4533;
RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281, email: rbcnyfixedincomeprospectus@rbccm.com or telephone: (866)375-6829;
UBS Securities LLC, Attention: Prospectus Specialist, 1285 Avenue of the Americas, New York, NY 10019 or telephone: (888)827-7275;