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REGISTRATION STATEMENT ON FORM F-4 (FILE NO. 333-231401) FILED WITH THE SEC ON MAY 13, 2019.
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THIS REPORT OF FOREIGN PRIVATE
ISSUER ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO THE FOLLOWING REGISTRATION STATEMENT OF ATLAS CORP.:
REGISTRATION STATEMENT ON FORM F-4 (FILE NO. 333-234820) FILED
WITH THE SEC ON NOVEMBER 22, 2019, AS AMENDED ON DECEMBER 31, 2019 AND JANUARY 16, 2020.
Item 1 Information Contained in
this Form 6-K Report
Assignment and Assumption Agreement Relating to the Proposed Reorganization
As previously announced, on November 20, 2019, Seaspan Corporation (the Company) entered into an agreement and plan of merger
with Atlas Corp., a wholly owned subsidiary of the Company (Atlas), and Seaspan Holdco V Ltd., a wholly owned subsidiary of Atlas, in order to implement a reorganization of the Companys corporate structure into a holding company
structure, pursuant to which Seaspan will become a direct, wholly owned subsidiary of Atlas (the Proposed Reorganization). The consummation of the Proposed Reorganization is subject to approval by the holders of the Companys common
shares.
In connection with the Proposed Reorganization, on February 5, 2020, the Company, Atlas, the guarantors named therein and the investors
named therein (the Investors) entered into an assignment and assumption agreement (the Agreement), whereby upon consummation of the Proposed Reorganization, the Company will assign its rights and obligations (the
Assignment) under the Specified Agreements (as defined therein) to Atlas, Atlas will accept the Assignment and assume all the rights and obligations (the Assumption) of the Company under the Specified Agreements, and the
Investors will consent to the Assignment and Assumption and release the Company from all of its duties and obligations with respect to the Specified Agreements, subject to certain specified exceptions. The Specified Agreements consist of certain
subscription agreements, registration rights agreements and a warrant agreement entered into between the Company and certain of the Investors and, in certain cases, the guarantors. The Specified Agreements relate to common shares and warrants to
purchase common shares of the Company and, to the extent noted below, to the Companys 5.50% Senior Notes due 2025 and 5.50% Senior Notes due 2026.
The Agreement also amends the NYSE listing covenant in a registration rights agreement, dated as of January 15, 2019, between the Company and the
investors specified therein (as amended) and a registration rights agreement, dated as of February 14, 2018, between the Company and the investors specified therein (as amended) to provide that the Registrable Debt Securities (as defined
therein) will be listed on the Global Exchange Market (or another national exchange as may be mutually agreed by the parties thereof from time to time) and such listing will be maintained until such Registrable Debt Securities are no longer
outstanding.
The Agreement is filed as Exhibit 4.1 to this Report on Form 6-K and is incorporated herein by
reference. The description of the Agreement in this Report on Form 6-K is a summary and is qualified in its entirety by the terms of the Agreement.
Where to Find Additional Information
This report does
not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. Atlas has filed a registration statement that includes a proxy statement/prospectus and other relevant documents in
connection with the Proposed Reorganization. SEASPANS SHAREHOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT/PROSPECTUS FILED WITH THE SEC BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE PROPOSED REORGANIZATION. The proxy
statement/prospectus has been mailed to the holders of Seaspan shares. In addition, investors may obtain a free copy of the proxy statement/prospectus and other filings containing information about Seaspan, Atlas and the Proposed Reorganization,
from the SEC at the SECs website at http://www.sec.gov after such documents have been filed with the SEC. In addition, after such documents have been filed with the SEC, copies of the proxy statement/prospectus and other filings
containing information about