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Danaos Plans $500 Million Private Debt Offering; Shares Up Pre-Bell

BY MT Newswires | CORPORATE | 10/06/25 05:17 AM EDT

05:17 AM EDT, 10/06/2025 (MT Newswires) -- Danaos (DAC) said Monday it plans a private offering of up to $500 million of senior notes due 2032, subject to market conditions and other factors.

The company intends to use the net proceeds to fully redeem the $262.8 million outstanding principal amount of its 8.5% senior notes due 2028 on or about March 1, 2026, among other things.

Danaos (DAC) shares were up 2.9% in recent premarket activity.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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