Global Ship Lease Announces Syndicated Loan Facility
Globe Newswire•12/10/2026•16:15 ET
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Key Highlights
- ➤$1 billion syndicated facility carries SOFR + 1.5% interest rate
- ➤Seven-year facility funds delivery of 15 newbuildings from late 2028 through 2030
- ➤Oversubscribed facility includes eight lenders across three continents
- ➤Financing margin is 550bps below terms available to GSL five years ago
- ➤GSL’s contracted revenue totals $3.2 billion, including Initial Newbuilds
Expert Statements
Tassos Psaropoulos, Chief Financial Officer of Global Ship Lease
“We are pleased to announce this syndicated loan agreement that further de-risks our newbuilding program and provides us highly attractive financing terms with a diversified, world-class group of lenders that we have assembled.”
Tassos Psaropoulos, Chief Financial Officer of Global Ship Lease
“The oversubscribed facility involves top-tier banks spanning three continents, demonstrating the widespread recognition of GSL’s balance sheet strength, which is underpinned by prudent leverage, and robust, multi-year charter coverage.”
Tassos Psaropoulos, Chief Financial Officer of Global Ship Lease
“Being able to access this facility in tranches directly corresponding to the delivery of the vessels and the commencement of their multi-year charters is an ideal fit from both a risk and a cashflow perspective, providing comfort and certainty.”
Tassos Psaropoulos, Chief Financial Officer of Global Ship Lease
“We have worked hard over the last few years to successfully transform our balance sheet and improve our access to increasingly competitively priced capital.”
Tassos Psaropoulos, Chief Financial Officer of Global Ship Lease
“Our new collaboration with a group of world-class lenders to establish the $1 billion loan facility at a margin 550bps below what was available to us just five years ago is evidence that our efforts have borne fruit.”
Tassos Psaropoulos, Chief Financial Officer of Global Ship Lease
“This is another important step forward in an area that is central to our ability to outperform in a highly competitive market, and we are pleased to continue delivering value to our shareholders.”
– Continues to achieve favorable debt financing at materially lower cost of debt with new $1 billion facility at highly attractive 1.5% margin over SOFR
– Oversubscribed 8-bank facility demonstrates strong appetite for GSL debt from a globally diversified group of top-tier lenders
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