Seaspan Corporation’s Exchangeable Senior Notes Offering and Related Capped Call Transaction

Cravath represented the initial purchasers, led by BofA Securities, BMO Capital Markets, Citigroup and Wells Fargo Securities, in connection with the $201.2 million Rule 144A exchangeable senior notes offering of Seaspan Corporation, the world’s largest leading independent charter owner and manager of containerships at the time of the offering. Cravath also represented the financial institution counterparties to a “capped call” transaction entered into by Seaspan Corporation in connection with the offering. The exchangeable senior notes offering and related capped call closed on December 21, 2020.

The Cravath team included partners Andrew J. Pitts and C. Daniel Haaren, senior attorney Elizabeth Albert and associates Claudia J. Ricciardi, Lauren R. Krakovyak and Victoria M. Munoz Torres on capital markets matters, and partner Lauren Angelilli and associate Arvind Ravichandran on tax matters. Ddang P. Kim also worked on capital markets matters and Alissa B. Fromkin also worked on tax matters.