Atlas Corp Preferred Stock 7.125% Notes Due 10/30/2027 (ATCOL)

Overview

Atlas Corp. is a diversified global asset management company, primarily focused on maritime and energy sectors. Incorporated in 2019 and headquartered in London, United Kingdom, the company has carved a niche for itself by operating in two key segments: Containership Leasing and Mobile Power Generation. Atlas Corp. stands as a pivotal player in the industry by not just being an independent charter owner and manager of containerships, but also by providing critical power solutions to various sectors including oil and gas, mining, and utilities. As of March 1, 2023, the company boasts a comprehensive portfolio with a fleet of 132 vessels alongside a significant inventory of 30 gas turbines and 274 diesel generators, showcasing its vast operational scale and diversified asset base.

Products and Services

• Containership Leasing
  

  Atlas Corp. operates as an independent charter owner and manager of containerships, offering long-term and fixed-rate time charters to container liner companies. This segment ensures a steady cash flow and a reliable service to the global shipping industry by providing vessels of various capacities and specifications to meet the diverse needs of its clients. Through this service, Atlas Corp. supports the global trade system, facilitating the transportation of goods across major routes worldwide.

• Mobile Power Generation
  

  Within this segment, Atlas Corp. offers vital power solutions tailored to meet the needs of industries such as oil and gas, mining, and also caters to government-backed and private utilities. The services under this segment encompass comprehensive plant design, fast-tracked installation of generating equipment alongside the balance of plant, and encompassing plant operation with service and maintenance. Whether it's gas turbines or diesel generators, Atlas Corp. ensures the provision of reliable and efficient electricity supply critical for the operations of various sectors, demonstrating a commitment to empowering progress in challenging environments.