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It has been a very busy January at Global Ship Lease Inc. ("GSL") and all the activity has been very good for the company and its shareholders. As a first step, the company arranged a new $236.3 million senior secured loan facility with alternative lender Hayfin Capital, the proceeds of which will be used to refinance its 9.875% first priority notes due 2022.

Fearnleys give a glimpse into its latest project finance deal

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On Monday, Teekay Corporation and Teekay LNG Partners L.P. announced their agreement to eliminate all of the partnership's incentive distribution rights ("IDR") in exchange for 10.75 million newly issued Teekay LNG common units.

Teekay Corporation raised $222.5 million in concurrent debt and equity offerings.

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It is already week 8 and, from our perspective, deal flow thus far this year cannot even be characterized as a trickle...

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Teekay Offshore Partners closed a $115 million preferred equity offering.

Teekay Offshore Partners L.P., on Tuesday, announced that it has entered into an agreement to merge with Brookfield Business Partners L.P. Under the terms of the merger agreement, Brookfield will acquire all of the outstanding publicly held common units not already held by it in exchange for $1.55 in cash per common unit. With approximately 110.1 million common units outstanding, the cash outlay will be ~$170.6 million.

Last week, Eagle Bulk Shipping Inc. announced that it had purchased from Scorpio Bulkers the M/V SBI Virgo a high-specification 2017-built SDARI-64 scrubber-fitted Ultramax bulk carrier for $15 million and a warrant for 212,315 common shares of Eagle.
On Tuesday, Star Bulk Carriers Corp. announced that it has entered into an agreement with Scorpio Bulkers Inc. to acquire seven modern vessels, comprising four Kamsarmax and three Ultramax bulk carriers.