Danaos Corp prices $500M senior notes offering
Ticker: DAC · Form: 6-K · Filed: Oct 16, 2025 · CIK: 1369241
Sentiment: neutral
Topics: debt-offering, financing, notes
TL;DR
Danaos Corp just raised $500M via 6.875% senior notes due 2032. Debt issuance.
AI Summary
On October 16, 2025, Danaos Corporation completed its offering of $500 million in 6.875% senior notes due 2032. These notes will mature in 2032 and carry an annual interest rate of 6.875%, payable semi-annually on March 1 and September 1.
Why It Matters
This debt issuance provides Danaos Corporation with capital, potentially for expansion or refinancing, impacting its financial structure and future growth prospects.
Risk Assessment
Risk Level: medium — Issuing new debt increases leverage and financial obligations, which can be risky depending on the company's cash flow and market conditions.
Key Numbers
- $500M — Senior Notes Offering (Danaos Corporation raised this amount through the issuance of new debt.)
- 6.875% — Senior Notes Interest Rate (This is the annual interest rate Danaos will pay on the new notes.)
- 2032 — Senior Notes Maturity (The notes are due for repayment in this year.)
Key Players & Entities
- Danaos Corporation (company) — Issuer of the notes
- $500 million (dollar_amount) — Aggregate principal amount of notes offered
- 6.875% (dollar_amount) — Interest rate on the senior notes
- 2032 (date) — Maturity year of the senior notes
- October 16, 2025 (date) — Closing date of the notes offering
FAQ
What is the total principal amount of the senior notes Danaos Corporation offered?
Danaos Corporation offered $500 million aggregate principal amount of its senior notes.
What is the interest rate on the new senior notes?
The senior notes bear interest at a rate of 6.875% per year.
When do the senior notes mature?
The senior notes are due in 2032.
On what dates are the interest payments due for the senior notes?
Interest is payable in cash on March 1 and September 1 of each year.
What is the filing date for this report?
This Form 6-K was filed on October 16, 2025.
Filing Stats: 664 words · 3 min read · ~2 pages · Grade level 9.5 · Accepted 2025-10-16 16:15:20
Key Financial Figures
- $500 million — ed its previously announced offering of $500 million aggregate principal amount of its 6.875
- $262.8 million — the offering to (i) redeem in full the $262.8 million outstanding principal amount of the Com
- $130 million — t under its BNP Paribas/Credit Agricole $130 million Secured Credit Facility on December 1,
- $55.25 million — g principal amount under its Alpha Bank $55.25 million Secured Credit Facility on December 1,
Filing Documents
- tm2528814d1_6k.htm (6-K) — 14KB
- tm2528814d1_ex99-1.htm (EX-99.1) — 857KB
- 0001104659-25-100092.txt ( ) — 872KB
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 16, 2025 DANAOS CORPORATION By: /s/ Evangelos Chatzis Name: Evangelos Chatzis Title: Chief Financial Officer