Global Ship Lease, Inc. (GSL) Form 6-K — Oct 13, 2026
Global Ship Lease (NYSE:GSL) announced a new $1 billion syndicated loan facility bearing interest at SOFR + 1.5% with a seven-year duration. The oversubscribed 8-bank facility is led by Bank of America as Bookrunner, with Bank of China (Hong Kong), KfW IPEX and ABN-AMRO as Mandated Lead Arrangers. CFO Tassos Psaropoulos noted the margin is 550bps below what GSL secured five years ago. GSL will draw the facility in tranches matching deliveries of the 15 newbuild containerships announced in June, with scheduled deliveries from late 2028 through 2030, each already contracted to time charters on delivery — de-risking the newbuild program and locking in cheap capital.
Key figures
- Debt Amount
- 1000000000
- Interest Rate
- SOFR + 1.5%
- Maturity Date
- seven-year duration (through ~2033)
- Syndicate banks
- 8
- Initial newbuilds
- 15
- Fleet avg age years
- 18.4
- Fleet containerships
- 71
- Contracted revenue with options
- $4.1 billion
- Charter avg remaining term years
- 3.3
- Contracted revenue teus weighted
- $3.2 billion
- Margin reduction vs five years ago bps
- 550
AI analysis
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