On the Road?

Last Thursday, Danaos Corporation filed an F-1 registration statement for a follow-on offering. Unlike prior equity deals, there was no press release or announcement of any kind and the statement itself lacked detail. Subsequent to the filing, there has been no further public disclosure.

What we do know is that Deutsche Bank, Citi and Credit Suisse are the joint bookrunning managers for the offering. Proceeds are expected to be used to fund a portion of the newbuilding program and for general corporate purposes.

We suspect that despite the lack of public disclosure, there is a whirlwind of activity

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