Benzinga | Apr 9, 2021 08:25AM EDT

Global Ship Lease Announces 4.5M Share Offering By Selling Shareholders Will Be Priced At $12.50/Share

Global Ship Lease, Inc. (NYSE:GSL) (the "Company") announced today the pricing of the previously announced secondary offering by certain shareholders of the Company (the "Offering") of shares of Class A common stock, par value $0.01 per share (the "Common Shares"). KEP VI (Newco Marine), Ltd. and KIA VIII (Newco Marine), Ltd., both affiliates of Kelso & Company, a U.S. private equity firm, and Maas Capital Investments B.V. (together, the "Selling Shareholders") have agreed to sell an aggregate of 4.5 million Common Shares in the Offering at a public offering price of $12.50 per Common Share. The Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 675,000 Common Shares. The Company will not receive any proceeds from the sale of Common Shares by the Selling Shareholders