ATCO - Atlas subsidiary Seaspan prices $200M senior bonds

Seaspan, a wholly owned subsidiary of Atlas (ATCO) prices $200M in new senior unsecured sustainability-linked bonds in the Nordic bond market. The bonds will mature in February 2024 and bear interest at 6.5% per annum.Net proceeds from the bond issue will be used for general corporate purposes, which may include repayment of debt.Bing Chen, President and CEO of Atlas, commented, "We are pleased to continue to access the unsecured credit markets with this issuance and important entry into the Nordic bond marketplace. The strong global investor demand demonstrated significant interest in our commitment to ESG and heightened environmental objectives combined with our strong financial performance and consistent growth. Atlas is focused on generating quality growth, combined with prudent financial discipline and stringent capital allocation which is supported by this issuance. We continue to improve our capital structure as we remain committed to our longer-term objective of reaching an investment grade credit

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Atlas subsidiary Seaspan prices $200M senior bonds