Danaos Corp Prices $500M Senior Notes Due 2032
Ticker: DAC · Form: 6-K · Filed: Oct 9, 2025 · CIK: 1369241
| Field | Detail |
|---|---|
| Company | Danaos CORP (DAC) |
| Form Type | 6-K |
| Filed Date | Oct 9, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $500 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-offering, senior-notes, private-placement
TL;DR
Danaos Corp just priced $500M in 2032 senior notes, private offering.
AI Summary
Danaos Corporation announced on October 9, 2025, the pricing of $500 million in 6.875% Senior Notes due 2032. This offering was conducted as a private placement, exempt from U.S. Securities Act registration requirements.
Why It Matters
This debt issuance provides Danaos Corporation with capital, potentially for fleet expansion or refinancing existing debt, impacting its financial leverage and future growth prospects.
Risk Assessment
Risk Level: medium — Issuing new debt increases financial leverage and interest expenses, which can be risky depending on market conditions and the company's ability to service the debt.
Key Numbers
- $500M — Senior Notes Offering (Amount raised in private placement)
- 6.875% — Senior Notes Interest Rate (Cost of debt for Danaos Corp)
- 2032 — Senior Notes Maturity (Long-term debt issuance)
Key Players & Entities
- Danaos Corporation (company) — Registrant
- $500 million (dollar_amount) — Senior Notes principal amount
- 6.875% (dollar_amount) — Senior Notes interest rate
- 2032 (date) — Senior Notes maturity year
- October 9, 2025 (date) — Pricing date of Senior Notes
FAQ
What is the total principal amount of the Senior Notes Danaos Corporation priced?
Danaos Corporation priced $500 million of Senior Notes.
What is the interest rate on the new Senior Notes?
The Senior Notes carry an interest rate of 6.875%.
When do the Senior Notes mature?
The Senior Notes are due in 2032.
On what date was the pricing of the Senior Notes announced?
The pricing of the Senior Notes was announced on October 9, 2025.
Was this offering registered with the U.S. Securities Act of 1933?
No, the offering was a private placement exempt from the registration requirements under the U.S. Securities Act of 1933.
Filing Stats: 225 words · 1 min read · ~1 pages · Grade level 10.7 · Accepted 2025-10-09 17:25:29
Key Financial Figures
- $500 million — ober 9, 2025, announcing the pricing of $500 million of 6.875% Senior Notes due 2032 in a pr
Filing Documents
- tm2528460d1_6k.htm (6-K) — 11KB
- tm2528460d1_ex99-1.htm (EX-99.1) — 10KB
- tm2528460d1_ex99-1img001.jpg (GRAPHIC) — 5KB
- 0001104659-25-098414.txt ( ) — 29KB
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: October 9, 2025 DANAOS CORPORATION By: /s/ Evangelos Chatzis Name: Evangelos Chatzis Title: Chief Financial Officer