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DFDS — Capital/Financing Update 2013
Mar 12, 2013
3361_iss_2013-03-12_b80889c2-cd32-4afc-92bf-1eed77cc07d5.pdf
Capital/Financing Update
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COMPANY ANNOUNCEMENT
DFDS A/S, Sundkrogsgade 11 DK-2100 Copenhagen Ø CVR 14 19 47 11 www.dfdsgroup.com
Company announcement no. 9/2013
12.03.2013
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Contact persons
Torben Carlsen, CFO +45 33 42 32 01
Søren Brøndholt Nielsen, IR +45 33 42 33 59
DFDS profile
DFDS is Northern Europe's largest integrated shipping and logistics company.
DFDS Seaways operates a network of 30 routes with 50 freight and passenger ships , while DFDS Logistics provides freight solutions in Europe with trailers, containers, and rail.
DFDS has 5,900 employees in 20 countries, and revenue of DKK 12bn. The Company was founded in 1866, and is headquartered in Copenhagen, and listed on NASDAQ OMX Copenhagen.
Disclaimer
The statements about the future in this announcement contain an element of risk and uncertainty, both in general and specific terms, and this means that actual developments may diverge considerably from the statements about the future.
NEW CORPORATE BOND ISSUE OF NOK 700M COMPLETED
Today, DFDS has issued a five-year NOK 700m senior unsecured bond maturing in March 2018.
The bond issue is part of an ongoing process to optimize DFDS' financing structure. The combination of bond and bank financing increases flexibility and diversifies the loan portfolio. DFDS issued its first corporate bond of NOK 500m in April 2012.
The bonds will be listed on Olso Børs (Oslo Stock Exchange). Nordea and SEB have acted as joint lead managers of the bond issue.
The bond has been issued with a floating rate in NOK which will be swapped into a floating Danish interest rate corresponding to a three month CIBOR interest rate plus 265 basis points.
"This is DFDS' second corporate bond issue and we are very pleased with the continued high level of investor interest. The placement of NOK 700m attracted an even more diversified investor base than our first bond issue in 2012," says Torben Carlsen, Executive Vice President and CFO of DFDS.
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