• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Maritime

Global Ship Lease secures $236 million loan from Hayfin

5 years ago
in Maritime
1 min read
0 0
0
61
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Chamber of Shipping Warns of Risks From Low Local Participation in Maritime Value Chain

Ghana Link Assures Stakeholders of Major ICUMS Upgrade to Address Downtime Concerns

Ghana Shippers Authority CEO Calls for National Shipping Line to Enhance Maritime Trade

London-based containership owner Global Ship Lease (GSL) has agreed a new $236.2m secured loan facility with Hayfin Capital Management, which the company will use towards redeeming in full the company’s outstanding 9.875% First Priority Secured Notes due 2022.

The new facility matures in January 2026 and scheduled amortization is approximately $26m annually, a reduction from $35m annually under the notes.

George Youroukos, executive chairman of Global Ship Lease, commented: “Against a backdrop of the strongest container shipping industry fundamentals in many years, and having secured a number of charters at highly attractive rates, we are delighted to be able to proceed with refinancing our 2022 Notes while expanding our relationship with Hayfin. The refinancing reflects the extent to which we have materially strengthened Global Ship Lease’s financial position, fleet size and quality, and future prospects, and marks the fulfilment of yet another of our long-term strategic milestones. With less restrictive covenants, this refinancing will allow us to more fully develop the business and return a portion of GSL cashflows to shareholders. Global Ship Lease has never been in a stronger position to take advantage of the full range of exciting and accretive opportunities to maximize shareholder value as a leading owner of high-quality, in-demand containerships.”

Andreas Povlsen, head of maritime at Hayfin, added: “Hayfin is pleased to continue its strong relationship with the management team and shareholders at GSL through this landmark refinancing of the 2022 Notes. Providing a sizeable one-stop solution to support the next step in GSL’s development shows what is possible in a short timeframe when both borrower and lender have a high level of trust and a long-term relationship focus.”

Global Ship Lease owns 43 boxships, ranging from 2,207 teu to 11,040 teu, with a total capacity of 245,280 teu.

Source: splash247
Via: norvanreports
Tags: $236 million loanAndreas PovlsenGeorge YouroukosGlobal Ship Lease (GSL)Hayfin Capital Management
No Result
View All Result

Highlights

This Gamechanger Could Charge up Africa’s EV Ownership

Bank of Ghana Prices 1oz Gold Coin at GHS 47,960

President Mahama Rings Nasdaq Bell to Court Global Investors

African Countries That Survive on Diaspora Remittances More Than Export Earnings

Ghana Boxing Authority Promises Enhanced Medical Care for Boxers Following Bahubali’s Tragic Death

Premier League: Hearts of Oak eye Second Straight win as Eleven Wonders Visit Accra on Friday

Trending

Business

President Mahama Touts Ghana’s Economic Rebound at General Assembly

September 25, 2025

President Mahama Touts Ghana's Economic Rebound at General Assembly President John Dramani Mahama has claimed early success...

President Mahama Calls for UN Security Council Reform, Reset of Global Financial System at 80th UNGA

September 25, 2025

New AfDB Review Highlights Inland Fisheries as Lifeline for Millions of Africans

September 25, 2025

This Gamechanger Could Charge up Africa’s EV Ownership

September 25, 2025

Bank of Ghana Prices 1oz Gold Coin at GHS 47,960

September 25, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.