Danaos Corp. Reports Q1 2024 Results & $450M Loan Facility
Ticker: DAC · Form: 6-K · Filed: May 28, 2024 · CIK: 1369241
Sentiment: neutral
Topics: financing, financial-results, sec-filing
TL;DR
Danaos Corp dropped Q1 results and a new $450M loan facility on 5/28.
AI Summary
Danaos Corporation filed a Form 6-K on May 28, 2024, reporting on its operating and financial review for the three months ended March 31, 2024, and a new $450 million loan facility. The filing includes unaudited condensed consolidated financial statements for the first quarter of 2024.
Why It Matters
This filing provides investors with an update on Danaos Corporation's financial performance and its access to significant new financing, which could impact its operational capacity and future investments.
Risk Assessment
Risk Level: low — This is a routine financial disclosure filing (6-K) and does not contain immediate, significant negative news.
Key Numbers
- $450 million — Loan Facility (New financing secured by the company.)
Key Players & Entities
- Danaos Corporation (company) — Registrant
- $450 million (dollar_amount) — Loan Facility Amount
- March 31, 2024 (date) — End of Reporting Period for Financial Statements
- May 28, 2024 (date) — Filing Date
FAQ
What are the key financial highlights from Danaos Corporation's Q1 2024 Operating and Financial Review?
The filing incorporates Exhibit 99.1, which contains the 'Operating and Financial Review and Prospects and Condensed Consolidated Financial Statements (Unaudited) for the Three Months Ended March 31, 2024', but the specific financial highlights are not detailed in the provided text.
What is the purpose of the $450 million Facility Agreement mentioned in the filing?
Exhibit 99.2 is a Facility Agreement for a $450 million Loan Facility, indicating new financing obtained by Danaos Corporation.
When was Danaos Corporation's Form 6-K filed?
The Form 6-K was filed on May 28, 2024.
What type of financial statements are included for the period ending March 31, 2024?
The filing includes Condensed Consolidated Financial Statements (Unaudited) for the three months ended March 31, 2024.
Is Danaos Corporation required to file annual reports on Form 20-F or 40-F?
Danaos Corporation indicates it files annual reports under cover of Form 20-F.
Filing Stats: 395 words · 2 min read · ~1 pages · Grade level 8.3 · Accepted 2024-05-28 16:50:44
Key Financial Figures
- $450 million — , 2024. 99.2 Facility Agreement for a $450 million Loan Facility ***** This report on
Filing Documents
- tm2415359d2_6k.htm (6-K) — 12KB
- tm2415359d2_ex99-1.htm (EX-99.1) — 808KB
- tm2415359d2_ex99-2.htm (EX-99.2) — 2093KB
- tm2415359s2_ex99-2sp6img001.jpg (GRAPHIC) — 6KB
- tm2415359s2_ex99-2sp6img002.jpg (GRAPHIC) — 2KB
- tm2415359s2_ex99-2sp6img003.jpg (GRAPHIC) — 5KB
- tm2415359s2_ex99-2sp6img004.jpg (GRAPHIC) — 5KB
- 0001104659-24-065636.txt ( ) — 2940KB
Financial Statements (Unaudited) for the Three Months Ended March 31, 2024
Financial Statements (Unaudited) for the Three Months Ended March 31, 2024. 99.2 Facility Agreement for a $450 million Loan Facility ***** This report on Form 6-K is hereby incorporated by reference into the Company’s (i) Registration Statement on Form F-3 (Reg. No. 333-237284) filed with the SEC on March 19, 2020 , (ii) the post effective Amendment to Form F-1 in the Registration Statement on Form F-3 (Reg. No. 333-226096) filed with the SEC on March 6, 2019 , (iii) Registration Statement on Form F-3 (Reg. No. 333-174494) filed with the SEC on May 25, 2011 , (iv) Registration Statement on Form F-3 (Reg. No. 333-147099), the related prospectus supplements filed with the SEC on December 17, 2007 , January 16, 2009 and March 27, 2009 , (v) Registration Statement on Form S-8 (Reg. No. 333-233128) filed with the SEC on August 8, 2019 and the reoffer prospectus, dated August 8, 2019, contained therein, (vi) Registration Statement on Form S-8 (Reg. No. 333-138449) filed with the SEC on November 6, 2006 and the reoffer prospectus, dated November 6, 2006, contained therein, (vii) Registration Statement on Form F-3 (Reg. No. 333-169101) filed with the SEC on October 8, 2010 , (viii) Registration Statement on Form F-3 (Reg. No. 333-255984) filed with the SEC on May 10, 2021 and (ix) Registration Statement on Form F-3 (Reg. No. 333-270457) filed with the SEC on March 10, 2023 . 2
SIGNATURES
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: May 28, 2024 DANAOS CORPORATION By: /s/ Evangelos Chatzis Name: Evangelos Chatzis Title: Chief Financial Officer 3