Danaos (NYSE: DAC) plans $500M private 2032 senior notes issue

Rhea-AI Filing Summary

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.

Insights

Credit & Capital Structure Analyst

Danaos plans a private offering of up to $500M in 2032 senior notes.

Danaos Corporation indicates it plans to offer up to $500 million of Senior Notes due 2032 through a private transaction exempt from U.S. registration. Senior notes are a form of debt that typically ranks ahead of subordinated obligations in a potential liquidation, which can be important for creditors.

The transaction is described as "subject to market conditions and other factors," so its execution and final size depend on demand and pricing in the credit markets. Because the notes will not be registered under the Securities Act, they are intended for qualified investors relying on applicable exemptions rather than a broad public investor base.

The filing does not specify use of proceeds, interest rate, covenants, or whether the funds would refinance existing obligations or support new investments. Subsequent company communications or future filings would be needed to understand how this potential $500 million in debt might reshape Danaos’s leverage and interest expense 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 6, 2025, announcing that it plans to commence an offering of up to $500 million of Senior Notes due 2032, subject to market conditions and other factors. The notes are to be offered and sold in a private offering exempt from the registration requirements under the U.S. Securities Act of 1933, as amended (the “Securities Act”).

This shall not constitute an offer for sale or a recommendation or solicitation to buy or sell any securities, nor shall there be any offer, solicitation, or sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The notes will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements of the Securities Act and applicable state securities laws.

EXHIBIT INDEX

99.1 Press release issued by Danaos Corporation on October 6, 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 6, 2025

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

FAQ

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

Danaos Corporation disclosed that it plans to commence an offering of up to $500 million of Senior Notes due 2032 in a private transaction.

What are the key terms of the planned Danaos (DAC) senior notes?

The company plans to offer up to $500 million of Senior Notes due 2032. Additional terms such as interest rate and covenants are not detailed in this content.

Will the Danaos (DAC) 2032 senior notes be registered with the SEC?

No. The notes will not be registered under the U.S. Securities Act of 1933 and may only be offered or sold in the United States under an applicable registration exemption.

How will the Danaos Corporation (DAC) senior notes be offered?

The notes are expected to be offered and sold in a private offering that is exempt from the registration requirements of the Securities Act.

Is the Danaos (DAC) $500 million senior notes transaction certain to occur?

The company states it plans to commence the offering, which is subject to market conditions and other factors, so it may not proceed as currently contemplated.

Does this 6-K from Danaos (DAC) constitute an offer to sell securities?

No. The company explicitly states that this does not constitute an offer for sale or a solicitation to buy or sell any securities in any jurisdiction.