05:17 AM EDT, 10/06/2025 (MT Newswires) -- Danaos ( DAC ) said Monday it plans a private offering of up to $500 million of senior notes due 2032, subject to market conditions and other factors.

The company intends to use the net proceeds to fully redeem the $262.8 million outstanding principal amount of its 8.5% senior notes due 2028 on or about March 1, 2026, among other things.

Danaos ( DAC ) shares were up 2.9% in recent premarket activity.