Commentary & Deal Flow

Danaos Corp (DAC) has mandated Citigroup and BNP PARIBAS as Joint Bookrunners to organize a series of fixed income investor meetings/calls commencing 6th October 2025. Following the investor meetings, a 7-year $500 million 144A/Reg S senior unsecured notes offering may follow, subject to, inter alia, market conditions (existing sr unsec rating Ba2/BB+). The proceeds of this new issue would be used to redeem in full its $262.766m 8.50% sr notes due 03/0128 at 100 on or about 03/01/26, repay in full its existing credit facilities (BNP/CA $130m secured credit facility and its Alpha Bank $55.25m secured credit facility) on 12/01/25,GCP and pay transaction related fees and expenses. Biz: one of the largest independent owners of modern, large-size container vessels with a current fleet of 74 container vessels, also owns 10 drybulk vessels. HQ: Piraeus, Greece.

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