KBRA Releases Surveillance Report for Atlas Corporation and Seaspan Corporation

On August 23, 2024, KBRA affirmed the BB+ issuer rating of Atlas Corp. ("Atlas"), a global asset management company headquartered in London, UK, and the parent company of Seaspan Corporation ("Seaspan") and APR Energy. KBRA also affirmed the BB+ issuer rating of Atlas’ wholly-owned subsidiary, Seaspan, the BB+ rating on Seaspan’s $750 million senior unsecured notes (the “unsecured Notes”), as well as the BBB ratings of Seaspan’s $1.1 billion Term Loan due March 2028, $410 million Term Loan due March 2029, and $400 million Revolving Credit Facility comprising the secured Vessel Portfolio Financing Program (together, the “Facilities”). The ratings Outlook is Stable.

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