Global Container International completes USD 253 million asset-backed securitization

Global Container International LLC (“GCl”) today announced the successful issuance of US$253 million fixed-rated asset-backed notes, which are secured by long-term leasing shipping containers. The 2021-1 series of products include Class A and Class B notes rated A(sf) and BBB(sf) by DBRS, Inc. and Kroll Bond Rating Agency. The 2020-1 series of notes represent GCI’s second securitization, successfully expanding its asset-backed issuance plan to approximately US$500 million in the past 12 months. Credit Suisse is the structured agent and joint bookrunner, and Deutsche Bank Securities is the joint bookrunner.

Jeffrey Gannon, CEO of GCI, said: “We are very satisfied with the market’s positive response to our latest products, including 23 unique investors, and both from the perspective of spreads and earnings. Very attractive. We look forward to extending this asset support program into the future.”

About notes

According to Rule 144A of the Securities Act of 1933 (“Securities Act”), as amended, these notes are only available for sale to eligible institutional buyers in the United States, as defined in Article 501(a)(1) “Accredited Investor”), (2), (3) or (7) disclosed to persons outside the United States in accordance with the Securities Act and Regulation S under the Securities Act. The notes are not registered under the Securities Act or any state securities laws, and unless so registered, they may not be offered or sold in the U.S., except in accordance with exempt registration requirements or in transactions not subject to registration requirements for securities laws and applicable state securities law.

This press release does not constitute an offer to sell or an invitation to buy any securities, nor does it constitute an offer, invitation or sale in any jurisdiction where such issuance is illegal.

About Global Container International Co., Ltd.

Global Container International LLC is a marine container leasing company based in Bermuda with operations all over the world, including offices or agencies in the United States, Hong Kong, Shanghai, Singapore, Antwerp, Taipei and Seoul.For more information, please visit

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