Seaspan’s Offering of Fixed‑To‑Floating Rate Preferred Shares

Cravath represented the underwriters, Morgan Stanley, J.P. Morgan Securities, RBC Capital Markets, UBS Investment Bank, Stifel and Citigroup, in connection with the $150 million offering of series I fixed‑to‑floating rate cumulative redeemable perpetual preferred shares of Seaspan Corporation, a leading independent charter owner and manager of containerships. The shares were listed on the New York Stock Exchange. The transaction closed on September 19, 2018.

The Cravath team included partner Andrew J. Pitts and associates Brian C. Mulhall and Ashley R. Gust on securities matters, and associates Damien J. Rose and Leon B. Dalezman on tax matters.