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Danaos Corporation Announces Closing of $ 200 million new ordinary shares for sale
Danaos Corporation, a leading international owner of containerships, announced today the closing of its recently announced sale of 54.054 million shares of its Common Stock for an aggregate purchase price of $200.0 million, or $3.70 per share, in cash. These funds will be used
towards the completion of the Company’s current
newbuilding program.
About
Danaos Corporation
Danaos Corporation is an international owner of
containerships, chartering its vessels to many of the world’s largest
liner companies. Our current fleet of 47 containerships aggregating
203,529 TEUs ranks Danaos among the largest containership charter owners
in the world based on total TEU capacity. Danaos is one of the largest
US listed containership companies based on fleet size. Furthermore, the
company has a contracted fleet of 18 additional containerships
aggregating 159,150 TEU with scheduled deliveries up to 2012. The
company’s shares trade on the New York Stock Exchange under the symbol
“DAC”.
Source: Danaos Corporation
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