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Danaos Corporation SEC Filings

DAC NYSE

Welcome to our dedicated page for Danaos Corporation SEC filings (Ticker: DAC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

The Danaos Corporation (NYSE: DAC) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as a foreign private issuer. Danaos files reports with the U.S. Securities and Exchange Commission primarily on Form 20-F and Form 6-K, and references multiple effective registration statements on Form F-3 and Form S-8 in its filings.

Through its Form 6-K reports, Danaos furnishes unaudited condensed consolidated financial statements and operating and financial reviews for periods such as the three and nine months ended June 30 and September 30. These filings present operating revenues, net income, adjusted net income, adjusted EBITDA, time charter equivalent revenues and per-day metrics, as well as segment information for the container vessels and drybulk vessels segments. They also disclose balance sheet data, including cash and cash equivalents, availability under the revolving credit facility, marketable securities, gross debt, net debt and last twelve months Adjusted EBITDA.

Other Form 6-K submissions include key transaction documents and corporate actions, such as the indenture for the company’s $500 million 6.875% senior notes due 2032, descriptions of intended use of proceeds for refinancing existing notes and credit facilities, and proxy materials and annual reports for stockholder meetings. Director changes and committee appointments are also reported via Form 6-K.

On Stock Titan, users can review these filings as they are made available from EDGAR and use AI-powered summaries to interpret the financial and legal language. The platform helps highlight how Danaos reports its segment performance, chartering activities, capital structure and governance developments across its SEC submissions.

Rhea-AI Summary

Danaos Corporation, a Marshall Islands-based containership and drybulk owner, files its annual report describing a sizeable leveraged fleet and extensive industry risks. As of December 31, 2025, the company had 18,264,294 common shares outstanding and total debt of $1,177,782k, rising to $1,257,782k as adjusted.

Danaos operates 75 containerships totaling 477,491 TEU, 27 containership newbuilds, 11 Capesize drybulk vessels and four Newcastlemax newbuilds, with remaining newbuilding commitments of about $1.9B. The report highlights heavy exposure to cyclical charter markets, customer concentration, trade protectionism, environmental regulation, rising interest rates and covenant constraints under multiple secured facilities and senior notes.

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Danaos Corporation has entered a strategic partnership with Glenfarne Group to help advance the Alaska LNG Project. Danaos will make a $50 million development capital equity investment in Glenfarne Alaska Partners LLC and will be the preferred tonnage provider to construct and operate at least six LNG carriers to deliver LNG for Glenfarne Alaska LNG, LLC, the majority owner and developer of the project.

The Alaska LNG Project is being developed in two phases: a 765-mile, 42-inch pipeline to move natural gas from Alaska’s North Slope for in‑state use, followed by an LNG liquefaction terminal and related infrastructure designed to export 20 million tonnes per annum of LNG. Glenfarne holds 75% of Alaska LNG, with the Alaska Gasline Development Corporation owning 25%, and has secured preliminary commercial commitments for 11 MTPA of LNG from buyers in Asia.

CEO Dr. John Coustas said the transaction allows Danaos to apply its shipping expertise to a new North Pacific energy route and expands the company’s footprint in the LNG and energy segments alongside its existing container and dry bulk fleets.

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Danaos Investment Limited, as trustee of the 883 Trust, and Dr. John Coustas filed Amendment No. 9 to their Schedule 13D for Danaos Corporation (DAC), updating their beneficial ownership in the company’s common stock.

The filing reports beneficial ownership of 9,538,502 shares of common stock, representing 51.8% of Danaos’ outstanding shares. DIL, as trustee, has sole voting and dispositive power over these shares, while the trust beneficiaries are Dr. Coustas and his immediate family.

The update reflects that on November 14, 2025, 100,000 shares were granted to Dr. Coustas as a compensatory equity award and are held by DIL, and another 100,000 shares were acquired by DIL under an amended and restated management agreement. The amendment also adjusts the reported ownership percentage to reflect repurchases under Danaos’ common stock repurchase program.

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Danaos Corporation completed a debt financing, closing an offering of $500 million aggregate principal amount of 6.875% senior notes due 2032. Interest is payable in cash on March 1 and September 1 each year, starting March 1, 2026, and the notes mature on October 15, 2032.

The company plans to use the proceeds to refinance existing obligations and for general corporate purposes. Planned uses include redeeming in full the $262.8 million outstanding principal of its 8.500% Senior Notes due 2028 on or about March 1, 2026; repaying in full its $130 million BNP Paribas/Credit Agricole Secured Credit Facility on December 1, 2025; and repaying in full its $55.25 million Alpha Bank Secured Credit Facility on December 1, 2025. Proceeds will also cover related fees and expenses.

The notes were issued under an Indenture dated October 16, 2025, with Citibank, N.A., London Branch, acting as trustee, paying agent, registrar and transfer agent.

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Danaos Corporation reported a board change. Director William Repko resigned effective October 13, 2025, and the company stated his resignation was not due to any dispute or disagreement regarding operations, policies, or practices.

The Board remains with a majority of independent directors and has not yet decided whether to alter its size or fill the vacancy. Also effective October 13, 2025, Charalampos Pampoukis was appointed to the Board’s Audit Committee to fill the committee vacancy. This report is incorporated by reference into several of the company’s existing registration statements.

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Danaos Corporation furnished a report stating that it has priced $500 million of 6.875% Senior Notes due 2032. These notes are being sold in a private offering that is exempt from the registration requirements of the U.S. Securities Act of 1933. The details of the transaction are provided in a press release dated October 9, 2025, which is attached to the report as Exhibit 99.1.

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Danaos Corporation has reported that it plans to commence an offering of up to $500 million of Senior Notes due 2032. These notes are expected to be issued in a private offering that is exempt from the registration requirements of the U.S. Securities Act of 1933.

The notes will not be registered under the Securities Act and may only be offered or sold in the United States under an applicable exemption from registration and in compliance with state securities laws. The planned offering is described as being subject to market conditions and other factors, meaning it may or may not proceed depending on those circumstances.

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Danaos Corporation filed a report as a foreign private issuer describing a new press release. The release states that the company has added $304 million to its contracted revenue backlog and has ordered two additional containership vessel newbuildings, indicating new long-term charter business and future fleet expansion.

The report also states that this information, except for the CEO commentary section of the press release, is incorporated by reference into several existing Danaos shelf and employee share plan registration statements, allowing it to be used in connection with previously registered securities offerings.

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FAQ

What is the current stock price of Danaos Corporation (DAC)?

The current stock price of Danaos Corporation (DAC) is $112.25 as of March 9, 2026.

What is the market cap of Danaos Corporation (DAC)?

The market cap of Danaos Corporation (DAC) is approximately 2.0B.

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2.01B
8.51M
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