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Atlas Corporation (NYSE: ATCO) provides essential infrastructure solutions through strategic maritime and energy sector investments. This news hub offers investors and analysts centralized access to verified corporate updates, financial disclosures, and operational developments.
Track critical announcements including earnings reports, strategic partnerships, and leadership updates across ATCO's global operations. Our curated feed simplifies monitoring of capital deployment strategies and infrastructure project milestones in key markets.
Discover timely updates on Atlas Corporation's portfolio management, sustainability initiatives, and market positioning within maritime logistics and energy infrastructure. Bookmark this page for streamlined access to operational insights directly impacting long-term shareholder value creation.
Seaspan Corporation, a subsidiary of Atlas Corp. (NYSE:ATCO), announced the acquisition of two 15,000 TEU scrubber-fitted containerships on long-term charter with a global customer. The vessels, built in 2019, will enhance Seaspan's fleet efficiency and emissions reduction capabilities, expected to be delivered by late Q2 2021. This transaction reflects Seaspan's commitment to growth through strategic partnerships and extends its long-term contracted revenue profile, which totaled approximately $4.1 billion as of September 30, 2020. The acquisition adds new capacity amidst ongoing fleet expansion.
Atlas Corp. (NYSE: ATCO) will hold its virtual 2021 Investor Day on March 23, 2021, at 8:30 am ET. The management will discuss operational and financial strategies along with 2021 guidance. Chairman David Sokol will deliver opening remarks, with the Board participating in Q&A sessions. The event will be webcast and accessible through their website. A replay will be available after 48 hours for up to one year. Atlas focuses on creating sustainable shareholder value, targeting long-term returns in the maritime and energy sectors.
Atlas Corp. (NYSE: ATCO) will release its financial results for the quarter and year ended December 31, 2020, on March 8, 2021, after market close. A conference call for shareholders and interested parties is scheduled for March 9, 2021, at 8:30 a.m. ET. The call can be accessed via a toll-free dial-in or webcast. A replay will be available shortly after the call until March 24, 2021. Atlas focuses on sustainable shareholder value through its portfolio companies in the maritime and energy sectors.
Atlas Corp. (NYSE: ATCO) announced its participation in two investor conferences: the Stifel 2021 Virtual Transportation & Logistics Conference on February 9, 2021, at 10:40 am ET, and the JP Morgan Virtual Industrials Conference on March 15, 2021, at 8:50 am ET. CEO Bing Chen and CFO Graham Talbot will present and engage in a Q&A session. Investors can access webcasts of these presentations through provided links. Atlas focuses on sustainable shareholder value in the maritime and energy sectors, highlighting its portfolio companies, Seaspan and APR.
Seaspan Corporation, a wholly owned subsidiary of Atlas Corp. (ATCO), announced a new agreement for two 24,000 TEU ultra-modern container ships. Anticipated deliveries begin in the first half of 2023, with both vessels entering 18-year charters with a major global liner customer. Seaspan's fleet, as of September 30, 2020, included 127 vessels and $4.1 billion in total contracted revenue. This new order, along with previously announced vessels, will enhance its fleet capacity significantly, supporting company growth and shareholder value.
Atlas Corp. (NYSE: ATCO) has officially appointed Graham Talbot as its new Chief Financial Officer. Talbot brings over 25 years of financial expertise, most recently serving as CFO of the Abu Dhabi Power Corporation. His extensive career includes leadership roles at Maersk Energy and Shell across various global regions. Bing Chen, President and CEO, expressed confidence that Talbot's experience will be integral to the company's growth initiatives. Atlas aims to enhance shareholder value through effective capital deployment in the maritime and energy sectors.
Atlas Corp. (NYSE: ATCO) has declared cash dividends on its common and preferred shares for Q4 2020. The common shares will receive $0.125 per share, with a record date of January 20, 2021, and payment on February 1, 2021. For preferred shares, the Series D will pay $0.496875, Series E will pay $0.515625, and Series G will pay $0.5125, all with the same record and payment dates as common shares. The Series H will pay $0.492188 and Series I will pay $0.50, also following the same schedule.
DLA Piper facilitated Seaspan Corporation's offering of US$201.25 million in 3.75% exchangeable senior notes due 2025, which closed on December 21, 2020. The notes can be exchanged for common shares of Seaspan's parent, Atlas Corp. (NYSE: ATCO), cash, or a mix of both. To mitigate dilution from the exchange, Seaspan also engaged in capped call transactions. This strategic move is expected to enhance Seaspan's growth and capital capacity.
Atlas Corp. (NYSE: ATCO) announced the successful closing of a $201.25 million offering of 3.75% exchangeable senior notes due 2025 by its subsidiary, Seaspan Corporation. The offering, aimed at qualified institutional buyers, enhances the company's capital structure and financial strength. The notes, exchangeable under specific conditions, have an effective interest cost of 5.5% per year. Proceeds, estimated at $196.0 million, will support corporate purposes, including acquisitions and debt repayment, reinforcing Atlas's growth strategy.
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