Shearman & Sterling represented Morgan Stanley & Co. LLC as sole bookrunning manager and Ladenburg Thalmann & Co. Inc. and National Securities Corporation as co-managers in connection with Global Ship Lease, Inc.’s $35,000,000 retail preferred offering. The offering consisted of 1,400,000 depositary shares (the “Depositary Shares”) at a price of $25.00 per Depositary Share. The Depositary Shares in aggregate represent 14,000 shares of the 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares.

Global Ship Lease, Inc. is a containership charter owner incorporated in the Marshall Islands, which commenced operations in December 2007 with a business of owning and chartering out containerships under long-term, fixed-rate charters to top-tier container liner companies.

Shearman & Sterling’s team of lawyers in the firm’s London office had represented the initial purchasers in Global Ship Lease, Inc.’s $420 million inaugural high yield notes offering in March 2014.