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MPC Container Ships ASA Capital/Financing Update 2017

Sep 8, 2017

3666_rns_2017-09-08_bfc1b2eb-df18-4806-891d-380c4d1ae392.html

Capital/Financing Update

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Successful placement of new senior secured bond issue

Successful placement of new senior secured bond issue

Reference is made to the press release dated 7 September 2017. MPC

Container Ships Invest B.V., a wholly owned subsidiary of MPC

Container Ships AS, has today successfully completed the issuance of

a new senior secured bond issue of USD 100 million. The bond issue

has a 5 year tenor, carries a floating interest rate of 3m LIBOR +

4.75% and has a borrowing limit of USD 200 million. The bond issue

received strong demand and was oversubscribed.

The net proceeds from the bond issue will be used to finance

acquisitions of additional container vessels and for general

corporate purposes.

DNB Markets and Fearnley Securities acted as joint lead managers for

the bond issue.

Further information and contact: [email protected]