Seaspan Announces Closing Of Innovative $838Mn Eca-Backed Jolco Financing

Seaspan Corporation ("Seaspan"), a wholly owned subsidiary of Atlas Corp. ("Atlas") (NYSE: ATCO), is proud to announce today fulsome details on one of its financing arrangements previously identified in Atlas' third quarter results released on November 8, 2021. This innovative financing arrangement is a first-of-its-kind vessel financing (the "Financing"), combining two existing asset financing structures to add long-dated and attractively priced debt to Seaspan's capital structure. Proceeds from the Financing totaling approximately $838 million will be used to finance eight previously announced newbuild vessels, consisting of four 12,000 TEU and four 15,000 TEU vessels (the "Vessels")