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Hapag-Lloyd AG
Capital/Financing Update • Jan 31, 2019
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Capital/Financing Update
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Ad-hoc | 31 January 2019 15:06
Hapag-Lloyd AG: Early partial redemption of EUR 450 million Senior Notes due 2022 in an amount of EUR 170 million
Hapag-Lloyd AG / Key word(s): Bond
Hapag-Lloyd AG: Early partial redemption of EUR 450 million Senior Notes due 2022 in an amount of EUR 170 million
31-Jan-2019 / 15:06 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Hamburg, 31 January 2019
Hapag-Lloyd AG: Early partial redemption of EUR 450 million Senior Notes due 2022 in an amount of EUR 170 million
Hapag-Lloyd AG (HLAG) has decided to redeem EUR 170 million in aggregate principal amount of its outstanding 6.75% senior notes due 2022 on 11 February 2019 at the fixed redemption price of 103.375 percent. 1) USD 152 million (approximately EUR 133 million as of today) of the EUR 170 million will be paid from cash proceeds resulting from the settlement of a receivable of HLAG’s subsidiary United Arab Shipping Company Limited (UASC) which was recognized in the course of the business combination of HLAG and UASC.
1) Regulation S Global Notes: Common Code 155557664, ISIN XS1555576641
Restricted Global Notes: Common Code 155557699, ISIN XS1555576997
Contact:
Heiko Hoffmann
Senior Director Investor Relations
Hapag-Lloyd AG
Ballindamm 25
20095 Hamburg
Phone +49 40 3001-2896
Fax +49 40 3001-72896
Mobile +49 172 875-2126
31-Jan-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Hapag-Lloyd AG |
| Ballindamm 25 | |
| 20095 Hamburg | |
| Germany | |
| Phone: | +49 (0) 40 3001 – 2896 |
| Fax: | +49 (0) 40 3001 – 72896 |
| E-mail: | [email protected] |
| Internet: | www.hapag-lloyd.com |
| ISIN: | DE000HLAG475 |
| WKN: | HLAG47 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |