Oslo, Norway – MPC Container Ships ASA (the “Company”) has today successfully completed a USD 125 million senior unsecured sustainability-linked bond maturing on October 9, 2029. The bonds will pay a coupon of 7.375 % per annum.
Following a successful two-day roadshow, the bond issue attracted strong demand from a broad range of high-quality institutional investors globally. The book was significantly oversubscribed, enabling the deal to be upsized from USD 100 million to USD 125 million.
Net proceeds from the bond issue will be applied towards general corporate purposes, including refinancing of existing financial indebtedness and acquisition of maritime assets. An application will be made for the bonds to be listed on the Oslo Stock Exchange.
Arctic Securities and Pareto Securities acted as Global Coordinators and Joint Bookrunners in the bond issue. Clarksons Securities and Fearnley Securities acted as co-managers.
For more information, contact:
ir@mpc-container.com
About MPC Container Ships ASA:
MPC Container Ships ASA (ticker code “MPCC”) is a leading provider of container tonnage, focusing on small to mid-size container ships. The Company owns and operates a portfolio of vessels serving intra-regional trade lanes on fixed-rate charters. The Company is registered and has its business office in Oslo, Norway. For more information, please visit www.mpc-container.com.
Forward-looking statements:
This announcement includes forward-looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company’s plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made based upon management’s current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company’s regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement.
This stock exchange announcement is subject to the disclosure requirements pursuant to section 5-12 of the Securities Trading Act.
