Danaos launches $500m bond offering
- Issue has been given strong BB+ and Ba2 ratings by S&P and Moody’s
- Proceeds are earmarked to refinance existing bond and two bank facilities, but will add more than $100m to company coffers
- Greek owner eyes a return on investment of nearly 20% from current newbuilding orderbook
Containership owner’s credit profile has been ‘transformed’ since last bond in 2021, investors are told
