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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]