SCHNIGGE Wants to Buy Rickmers Holding Bonds

Financially-troubled maritime services provider Rickmers Holding has received an offer from Germany’s securities trading bank SCHNIGGE Wertpapierhandelsbank SE related to the company’s bonds. 

Specifically, the bank submitted a voluntary tender offer to buy up to EUR 35.5 million (USD 42.4 million) bonds of 8.875% Rickmers Holding at a price of 2% flat for each bond with EUR 1,000 nominal value.

As informed, the bonds are currently traded on the stock market. The stock market price is 2.55% flat.

SCHNIGGE made a tender offer to bondholders of Rickmers Holding on January 5, 2018. The offer will end on January 31, 2018.

In May 2017, the bank already made a tender offer to acquire Rickmers Holding bonds.

Rickmers Holding filed for insolvency in June 2017 after HSH Nordbank AG rejected further negotiations on the restructuring.

However, the company was allowed to continue its business after Zeaborn Group and Bertram Rickmers took over its global ship management activities.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 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 31 1 2 3 4 5

Offshore Energy Exhibition and Conference (OEEC) 2020

The three-day event includes an exhibition where an expected 600+ supply chain companies…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >