MPC Container Ships Mulls USD 100 Mn Tap Issue

Image Courtesy: MPC Container Ships

Norway-based MPC Container Ships, which is a public limited liability company as of today, is considering to raise another USD 100 million. 

As informed, the company has hired DNB Markets and Fearnley Securities to arrange a series of investor meetings commencing on January 29, 2018.

“A USD 100 million senior secured tap issue in the company’s outstanding bonds maturing in September 2022 may follow,” the company said in a stock exchange filing.

Separately, the company said that Oslo Børs has decided to admit the shares in MPC Container Ships ASA to listing on Oslo Axess.

It is stipulated that the company prior to the first day of listing must satisfy the listing requirements on Oslo Axess. The Chief Executive Officer of Oslo Børs determines the date of the first day of listing, which is to be no later than March 9, 2018, according to a stock filing.

Following the conversion of MPC Containers Ships to a public limited liability company (ASA), which was registered with the Register of Business Enterprises today, the new name of the company is MPC Container Ships ASA.

MPC Container Ships was incorporated in Norway in January 2017 as a private limited liability company. The group’s principal business activity is to invest in and operate maritime assets in the container shipping segment.

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