Germany: Rickmers Bond Increased by 50 Million EUR

Rickmers Holding GmbH & Cie. KG, parent of the Rickmers Group of shipping companies, has increased its corporate bond placed in June 2013 by 50 million Euros to 225 million Euros in a private placement to institutional investors.

The notes have a maturity of five years and an annual coupon of 8.875 per cent. The new tranche will be traded in the Prime Standard for Corporate Bonds of the Frankfurt Stock Exchange as of 7 November 2013. The existing terms and conditions of the corporate bond continue to apply for the new tranche.

Rickmers Holding intends to use the net proceeds from the second tranche to finance growth investments as well as to refinance bank liabilities / refinancing costs.

Close Brothers Seydler Bank AG, Frankfurt am Main (Germany), acted as Sole Global Coordinator and Bookrunner on the transaction and placed it with institutional investors and asset managers. Conpair Corporate Finance GmbH, Essen (Germany), acted as Financial Advisor.

Rickmers Group, November 4, 2013

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2020 >>
MTWTFSS
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 3

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >