Global Ship Lease has agreed to a $1 billion seven-year syndicated loan facility bearing an interest rate of SOFR plus 1.5%. The oversubscribed eight-bank facility is led by Bank of America and includes Bank of China (Hong Kong), KfW IPEX, ABN-AMRO, CTBC, CaixaBank, BOCOM (HK), and First Citizens Bank. The company intends to draw on the facility in tranches corresponding to the delivery of 15 newbuildings scheduled between late 2028 and 2030. Global Ship Lease is a leading independent owner and lessor of containerships.
