Global Ship Lease has secured a $1 billion loan from a group of eight banks to finance 15 new containerships. The ships are due to be delivered between late 2028 and early 2030. The seven-year loan carries an interest margin of 1.5% above the Secured Overnight Financing Rate (SOFR).
The company will draw the money in stages as each ship is delivered. All 15 vessels have charter contracts and are expected to begin work shortly after delivery.
Global Ship Lease said the loan facility was oversubscribed. Its interest margin is also 550 basis points lower than the margin available to the company five years ago.
The 15 ships are part of a newbuilding order announced in June 2026. Deliveries are scheduled to begin in the fourth quarter of 2028 and continue until the first quarter of 2030.
Tassos Psaropoulos, chief financial officer of Global Ship Lease, said the agreement would help reduce the financial risks linked to the
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