Core Points - Danaos Corporation will release its third quarter results for the period ending September 30, 2025, after the market closes on November 17, 2025 [1] - A conference call to discuss the results is scheduled for November 18, 2025, at 9:00 A.M. ET [1] - The company is one of the largest independent owners of containerships, with a fleet of 74 containerships totaling 471,477 TEUs and 18 additional vessels under construction [4] Conference Call Details - Participants can join the conference call by dialing in 10 minutes prior to the scheduled time using specific toll-free numbers for the U.S. and U.K., as well as a standard international dial-in number [1] - A telephonic replay of the conference call will be available until November 25, 2025, with specific dial-in numbers and access code provided [2] - An audio webcast of the conference call will be available on the Danaos Corporation website, with an archived version accessible within 48 hours post-call [3] Company Overview - Danaos Corporation operates a fleet of 74 containerships and has recently invested in the drybulk sector with the acquisition of 10 Capesize drybulk vessels [4] - The company’s vessels are chartered to major liner companies on fixed-rate charters, highlighting its operational efficiency and environmental controls [4] - Danaos Corporation's shares are traded on the New York Stock Exchange under the symbol "DAC" [4]

Core Insights - Danaos (NYSE: DAC) is identified as a promising investment opportunity despite market volatility [1] Company Focus - The company is characterized by sustained free cash flows, low leverage, and sustainable debt levels [1] - Danaos operates in sectors that are often overlooked by the market, such as oil & gas, metals, and mining [1] - The company is positioned in emerging markets, showcasing high margins and medium to long-term investment potential [1] Shareholder Value - Danaos maintains a strong pro-shareholder attitude, with consistent buyback programs and dividend distributions [1]

Core Insights - Danaos (NYSE: DAC) is identified as a promising investment opportunity despite market volatility [1] Company Focus - The company is characterized by sustained free cash flows, low leverage, and sustainable debt levels [1] - Danaos operates in sectors that are often overlooked by the market, such as oil & gas, metals, and mining [1] - The company is positioned in emerging markets, showcasing high margins and medium to long-term investment potential [1] Shareholder Value - Danaos maintains a strong pro-shareholder attitude, with consistent buyback programs and dividend distributions [1]

Reporting Requirements - The Issuer will provide annual reports on Form 20-F starting from the fiscal year ending December 31, 2025, including audited consolidated financial statements and Management's Discussion and Analysis (MD&A) [362] - Quarterly reports on Form 6-K will be submitted within 75 days after the end of the first three fiscal quarters, starting with the quarter ending September 30, 2025, containing unaudited financial statements and MD&A [363] - The Issuer must present financial information separately for Restricted and Unrestricted Subsidiaries in quarterly and annual reports [365] - The Issuer will be deemed to have furnished required information if it is publicly available on the SEC's website [366] Default and Events of Default - If the Notes achieve an Investment Grade Rating, certain covenants will be suspended until the Notes lose that rating [369] - The Issuer must ensure that no Default or Event of Default occurs immediately after any consolidation, merger, or asset sale [378] - Any default under the terms of the Issuer's Debt exceeding $75 million will be considered an Event of Default [384] - An Event of Default occurs if the Issuer or any Significant Subsidiary enters bankruptcy proceedings or consents to such actions [389] - Holders of at least 25% of the aggregate principal amount of the Notes can declare the principal and accrued interest immediately due upon an Event of Default [389] - If an Event of Default related to bankruptcy occurs, all outstanding Notes become immediately due and payable without further action [390] Trustee Responsibilities and Powers - The Trustee may file proofs of claim in judicial proceedings to recover amounts due under the Notes [404] - The Trustee is authorized to collect and distribute funds in a specified order, prioritizing amounts due to the Trustee and then to Holders [406] - The Trustee may refuse to follow directions that conflict with law or may involve personal liability [398] - The Trustee shall exercise rights and powers vested in it by the Indenture with the same degree of care as a prudent person would in their own affairs [415] - The Trustee is not liable for any indirect, special, punitive, or consequential loss or damage, including lost profits [423] - The Trustee may rely conclusively on documents believed to be genuine and signed by the proper person [427] - The Trustee is not required to give any bond or surety regarding the performance of its duties [433] - The Trustee may consult with counsel at the cost of the Issuer, and such advice shall provide full protection from liability [438] - The Trustee shall not be charged with notice of any Event of Default unless a Trust Officer has actual knowledge or received written notice [424] - The Trustee may refrain from taking action that it believes may be illegal or contrary to applicable law [426] - The Trustee is not responsible for compliance with restrictions on transfer, exchange, or redemption of Notes [441] - The Trustee may act through its attorneys and agents and is not responsible for their misconduct if appointed with due care [428] - The Trustee assumes that the Issuer is complying with its obligations under the Indenture unless actual knowledge suggests otherwise [442] Indemnification and Compensation - The Issuer must notify Holders of any Default within 15 Business Days after receiving written notice of such occurrence [447] - The Trustee is entitled to compensation for its services, which shall not be limited by any law on trustee compensation [450] - The Issuer and each Guarantor shall indemnify the Trustee against any loss or liability incurred without willful misconduct or gross negligence [452] - The Trustee's expenses incurred after a Default are intended to constitute expenses of administration under Bankruptcy Law [455] - The Issuer's obligations under indemnity provisions shall survive the resignation or removal of any Trustee [456] - A successor Trustee must be appointed promptly if the current Trustee resigns or is removed [458] - The Issuer shall reimburse the Trustee for all reasonable disbursements and expenses incurred [450] - The Trustee may appoint a co-trustee if necessary to comply with laws of any jurisdiction [465] Defeasance - The Issuer may elect to have either Legal Defeasance or Covenant Defeasance applied to all outstanding Notes [472] - Upon Legal Defeasance, the Issuer and Guarantors shall be deemed discharged from their obligations with respect to the outstanding Notes [473] - The Issuer and Guarantors will be released from obligations under specific covenants upon the exercise of Covenant Defeasance [476] - To exercise Covenant Defeasance, the Issuer must deposit sufficient funds to cover principal, premium, and interest on the outstanding Notes [477] - An Opinion of Counsel must confirm that beneficial owners of the Notes will not recognize income, gain, or loss for U.S. federal income tax purposes due to Covenant Defeasance [478] - If funds deposited for Covenant Defeasance are insufficient due to an Event of Default, the Issuer remains liable for such payments [479] - The Indenture and Notes will be discharged when all Notes have been delivered for cancellation or when all outstanding Notes are due and payable [480] - The Issuer must pay all sums due under the Indenture, Notes, and Guarantees for discharge to occur [481] - The Trustee will acknowledge the discharge of the Issuer's obligations after conditions for Covenant Defeasance are satisfied [484] - The Trustee shall hold cash deposited for Covenant Defeasance in trust and apply it to payments on the Notes [485] - The Issuer can request repayment of excess funds held by the Trustee after notifying holders of unclaimed money [486] - If legal proceedings prevent the application of cash, the Issuer's obligations under the Indenture will be reinstated [487] Notes and Payment Terms - The Issuer will not pay any consideration to holders of Notes for consent or waiver unless offered to all holders [499] - The Issuer must notify Holders of any supplemental indenture or waiver promptly after execution [501] - The Trustee will join in executing any amended or supplemental indenture upon written request from the Issuer [502] - Notices to Holders regarding the Notes must be mailed to their respective addresses as per the registration books [507] - Claims against the Issuer for payment of principal on the Notes will be prescribed ten years after the due date [528] - The Issuer irrevocably designates CT Corporation System as its authorized agent for service of process [521] - Each Holder waives liability for obligations of the Issuer under the Notes and Indenture [522] - The Issuer agrees to the exclusive jurisdiction of courts in Manhattan, New York for any legal proceedings [521] - The Trustee may make reasonable rules for action by or at a meeting of Holders [516] - The exchange of copies of the Indenture by facsimile or PDF constitutes effective execution and delivery [524] Issuance Details - Danaos Corporation issued unsecured senior obligations with an initial aggregate principal amount of $500 million due on October 15, 2032 [557] - The interest rate on the notes is set at 6.875%, with payments scheduled semi-annually starting March 1, 2026 [543] - The issuer has the option to redeem the notes prior to October 15, 2028, at a price equal to 100% of the principal amount plus applicable redemption premium [558] - The applicable redemption premium is defined as the greater of 1% of the principal amount or the present value of future payments discounted at the Treasury Rate plus 50 basis points [559] - Interest will be computed on a 360-day year basis, with payments made in immediately available funds [550] - The notes are governed by an indenture dated October 16, 2025, between Danaos Corporation and Citibank, N.A. as trustee [556] - Payments made under the notes will be free of withholding or deduction for taxes [551] - The notes are transferable only under specific conditions as outlined in the indenture [537] - Citibank, N.A., London Branch, will act as the registrar, paying agent, and transfer agent for the notes [554] - The notes are treated as a single class for all purposes under the indenture [557]

Core Insights - Diversification in the shipping industry is a common strategy, as demonstrated by Danaos (DAC) entering the dry bulk sector through direct vessel investments and a stake in Eagle Bulk [1] Group 1 - Danaos has expanded its operations by investing in dry bulk vessels, indicating a strategic move to diversify its portfolio [1] - The company has previously invested in Eagle Bulk, showcasing its commitment to growth in the shipping sector [1]

Core Points - Danaos Corporation announced the resignation of William Repko from its board of directors, effective October 13, 2025, with no disputes or disagreements involved [1] - The board maintains a majority of independent directors and has not yet decided on altering its size or filling the vacancy left by Repko [2] - Charalampos Pampoukis has been appointed to the Audit Committee to fill the vacancy created by Repko's resignation [2] Company Overview - Danaos Corporation is one of the largest independent owners of modern, large-size container vessels, with a fleet of 74 container vessels totaling 471,477 TEUs and 18 vessels under construction totaling 148,564 TEUs [3] - The company has recently expanded into the dry bulk sector by acquiring 10 capesize dry bulk vessels with a total capacity of 1,760,861 DWT [3] - Danaos' container vessels are chartered to major liner companies on fixed-rate charters, supported by a strong operational and environmental management track record [3]

Core Viewpoint - Danaos Corporation announced the pricing of its offering of $500 million of 6.875% Senior Notes due 2032, which will be sold in a private offering exempt from registration under the U.S. Securities Act of 1933 [1] Group 1: Use of Proceeds - The company intends to use the net proceeds from the offering to redeem the $262.8 million outstanding principal amount of its 8.500% Senior Notes due 2028 on or about March 1, 2026 [2] - The proceeds will also be used to repay the outstanding principal amount under its BNP Paribas/Credit Agricole $130 million Secured Credit Facility on December 1, 2025 [2] - Additionally, the company plans to repay the outstanding principal amount under its Alpha Bank $55.25 million Secured Credit Facility on December 1, 2025 [2] - The funds will cover costs, fees, and expenses related to the refinancing, including commissions, placement, financial advisory fees, and other transaction costs [2] - Remaining proceeds will be allocated for general corporate purposes [2] Group 2: Company Overview - Danaos Corporation is one of the largest independent owners of modern, large-size container vessels, with a current fleet of 74 container vessels aggregating 471,477 TEUs and 18 under construction vessels aggregating 148,564 TEUs [5] - The company ranks among the largest container vessel charter owners globally based on total TEU capacity [5] - Recently, Danaos Corporation has invested in the drybulk sector by acquiring 10 capesize drybulk vessels aggregating 1,760,861 DWT [5]

Core Points - Danaos Corporation plans to offer up to $500 million of Senior Notes due 2032, subject to market conditions [1] - The net proceeds from the offering will be used to redeem $262.8 million of 8.500% Senior Notes due 2028, repay $130 million and $55.25 million under secured credit facilities, cover refinancing costs, and for general corporate purposes [2] Company Overview - Danaos Corporation is one of the largest independent owners of modern, large-size container vessels, with a fleet of 74 container vessels totaling 471,477 TEUs and 18 vessels under construction totaling 148,564 TEUs [5] - The company has also recently expanded into the drybulk sector by acquiring 10 capesize drybulk vessels with a total of 1,760,861 DWT [5]

Core Insights - Danaos Corporation has added $304 million to its contracted revenue backlog and ordered two newbuilding containerships since its last earnings release [1][2] Revenue Backlog - The additions to the contracted revenue backlog include approximately $164 million from forward charter fixtures for four existing vessels and approximately $140 million from charter fixtures for the two newbuilding orders, each with a five-year charter duration [2] Newbuilding Orders - The two newbuilding orders consist of two additional 7,165 TEU container vessels to be built at Dalian Shanhaiguan shipyard in China, expected to be delivered during the third quarter of 2027. These vessels will be methanol fuel ready and designed to meet the latest eco characteristics and emission standards [3] Financial Performance - Total contracted cash operating revenues currently stand at $3.6 billion, with a remaining average contracted charter duration of 3.9 years. Contracted operating days charter coverage for the container vessel fleet is nearly 100% for 2025 and 90% for 2026 [4] Fleet Expansion - As of the date of the press release, the company has 18 container vessels under construction with an aggregate capacity of 148,564 TEU, while total pro-forma containership TEU capacity stands at 620,041 TEU. Anticipated vessel deliveries include one newbuilding vessel in 2025, three in 2026, 12 in 2027, and two in 2028 [5] Strategic Positioning - The CEO of Danaos Corporation emphasized the importance of the new orders in solidifying the company's position in the global containership market and advancing fleet modernization [5][6]

Group 1 - Rigetti Computing (RGTI) has signed a Memorandum of Understanding (MOU) with India's Centre for Development of Advanced Computing (C-DAC) to collaborate on hybrid quantum computing systems, which may lead to recurring revenue opportunities [1] - The partnership will focus on developing superconducting quantum hardware, cryogenic electronics, and advanced processor fabrication, while also targeting workforce development and application-workflow projects in India [1] - Rigetti has established multiple partnerships in 2025, including collaborations with Montana State University for the QCORE facility and Norma Inc. for an 84-qubit quantum cloud service in South Korea [2] Group 2 - Rigetti's stock has increased by 31% year-to-date, outperforming the industry growth of 23.5% [5] - The company trades at a price-to-book ratio of 11.7, which is above the industry average, and has a forecasted earnings growth of 86.1% [6][8] - The Zacks Consensus Estimate for Rigetti's 2025 earnings indicates a significant rise of 86.1% compared to the previous year [10]