Image source: Getty Images.
Seaspan Corporation (NYSE: SSW) is at it again. Last week the containership leasing company announced its intention to raise another $100 million in cash, this time via a new series of redeemable preferred shares. It’s cash that the company plans to initially keep in the bank, though it may use it in the future to fund acquisitions, capex on existing newbuild vessels, or debt repayment.