Rickmers Holding to Delist Bond

Image Courtesy: Rickmers Maritime

After it submitted an application for insolvency with the aim of restructuring, the German maritime services provider Rickmers Holding is looking to delist its bond issue.

In a letter dated as of today, the company said that it has terminated the participation in trading of the bond 2013/2018 in the Prime Standard segment for bonds and the inclusion of the bond in the basic board at the earliest possible date.

Upon effectiveness of the termination trading of the bonds may be suspended, the company added.

The move was made on the back of HSH Nordbank’s decision to deny approval to Rickmers Holding’s term sheet dated April 19, 2017 and reject further negotiations of the restructuring.

In April, Rickmers Holding reached an understanding with, inter alios, HSH Nordbank AG on a term sheet regarding the restructuring of material financial liabilities of the Rickmers Group that was subject to corporate approval of HSH Nordbank AG and contingent on the restructuring of the bond 2013/2018 issued by Rickmers Holding AG.

Rickmers Group has accomplished all agreed and required steps to prepare the restructuring, however, HSH Nordbank has still decided to reject the credit applications.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2017 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

Indonesia Marine & Offshore Expo (IMOX) 2017

Indonesia Marine & Offshore Expo (IMOX) 2017, Batamis an international maritime and offshore industrial event that brings an international…

read more >

CWC World LNG & Gas Series: Americas Summit

Now in its 15th year, the CWC World LNG & Gas Series: Americas Summit is the longest running LNG event in the Americas region.

Bringing together the key players in the LNG & gas value chain in both the Americas region and globally, this is the perfect place to make new contacts, do deals and get essential updates on the market.

This year we return to Houston, TX once again on 20-23 June 2017 – the heart of the energy industry, making it easier than ever to access they key players in your business.

More info

read more >

TOC Europe

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers…

read more >

Marine Philippines 2017

The 4th edition of PHILIPPINES MARINE 2017, SHIPBUILD PHILIPPINES 2017 and OFFSHORE PHILIPPINES 2017 is the only specialized Shipbuilding…

read more >