Global Ship Lease (GSL) has released an update.
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Global Ship Lease, Inc. has announced a strategic move to strengthen its financial footing by establishing a $300 million senior secured term loan facility. This facility will significantly reduce the company’s average cost of debt and extend the average maturity of its debt, while also increasing the number of unencumbered vessels in its fleet to 16. The initiative is expected to enhance cash flows, bolster financial resilience, and provide GSL with greater financial flexibility and access to capital.
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