Danaos Corp.(DAC), a shipping and logistics company, Monday reported that it plans to price upsized private offering of $500 million of senior notes due in 2032.
Danaos intends to use the net proceeds from the offering for various purposes. The company aims to pay off the $262.8 million of 8.500% Senior Notes due in 2028 around March 1, 2026. It will repay $130 million owed under the BNP Paribas/Credit Agricole Secured Credit Facility on December 1 and on the same date, it will also repay $55.25 million under the Alpha Bank Secured Credit Facility.
In the premarket trade today, DAC's shares were trading 2.88 percent or 2.56 cents higher at $91.39. On Friday, the stock had closed 0.42 percent or 2.56 cents higher at $88.83 on the New York Stock Exchange.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.