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Danaos Corporation (DAC) prices $500M 6.875% senior notes due 2032 in private deal

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

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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Insights

Danaos prices $500M 6.875% 2032 senior notes in private deal.

Danaos Corporation has priced $500 million of 6.875% Senior Notes due 2032 in a private offering exempt from Securities Act registration. This indicates the company is accessing debt markets with a fixed-rate, long-dated instrument, which typically sits above equity but below any secured debt in priority of payment.

The filing does not specify use of proceeds, security, or covenants in the provided excerpt, so the direct impact on leverage and financial flexibility cannot be assessed here. However, the size and tenor suggest a meaningful capital structure transaction rather than a small, routine financing.

Further context, such as whether these notes refinance existing obligations or fund new investments, would come from the attached October 9, 2025 press release and subsequent financial reports, which may detail how the new 2032 notes affect interest expense and maturity profile.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR

15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2025

 

Commission File Number 001-33060

 

DANAOS CORPORATION

(Translation of registrant’s name into English)

 

Danaos Corporation

c/o Danaos Shipping Co. Ltd.

14 Akti Kondyli

185 45 Piraeus

Greece

Attention: Secretary

011 030 210 419 6480

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F   x        Form 40-F ¨

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Attached to this report on Form 6-K as Exhibit 99.1 is a copy of the press release of Danaos Corporation, dated October 9, 2025, announcing the pricing of $500 million of 6.875% Senior Notes due 2032 in a private offering exempt from the registration requirements under the U.S. Securities Act of 1933, as amended.

 

EXHIBIT INDEX

 

99.1 Press release issued by Danaos Corporation on October 9, 2025, furnished herewith as Exhibit 99.1.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: October 9, 2025

 

  DANAOS CORPORATION
     
  By: /s/ Evangelos Chatzis
  Name: Evangelos Chatzis
  Title: Chief Financial Officer

 

 

 

FAQ

What financing did Danaos Corporation (DAC) disclose in this 6-K?

Danaos Corporation disclosed that it has priced $500 million of 6.875% Senior Notes due 2032 in a private offering.

What is the interest rate and maturity of Danaos Corporation’s new notes?

The new Danaos Corporation notes carry a 6.875% interest rate and are Senior Notes due 2032.

Is Danaos Corporation’s $500 million notes transaction a public or private offering?

The $500 million of 6.875% Senior Notes due 2032 are being issued in a private offering exempt from registration under the U.S. Securities Act of 1933.

Where can investors find more details about Danaos Corporation’s $500 million note offering?

More details are in Danaos Corporation’s press release dated October 9, 2025, furnished as Exhibit 99.1 to the report.

What form did Danaos Corporation use to furnish this information?

Danaos Corporation furnished this information on a Form 6-K report of a foreign private issuer.

Who signed Danaos Corporation’s 6-K related to the note offering?

The report was signed on behalf of Danaos Corporation by Evangelos Chatzis, Chief Financial Officer.
Danaos Corporation

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8.51M
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