BRIEF-Seaspan to offer class A common shares

Mon May 23, 2016 4:44pm EDT
 
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May 23 (Reuters) - Seaspan Corp

* Plans to offer 5 million of its class a common shares

* Seaspan intends to grant underwriters a 30-day option to purchase up to 750,000 additional common shares

* To use about $85 million of net proceeds to redeem a portion of its outstanding 9.50% series c cumulative redeemable perpetual preferred shares

* Seaspan announces proposed public offering of class a common shares Source text for Eikon: Further company coverage: (Bengaluru Newsroom +1-646-223-8780)