Brief: MPC Container Ships Refinances Term Loans With USD 70 Million

Mpc Container Ships ASA

29/07/2021 07:32

July 29 (Reuters) - MPC Container Ships ASA  MPCC.OL :
    * MPC CONTAINER SHIPS ASA REFINANCES TERM LOANS WITH USD 70
MILLION
    * HAS ENTERED INTO A USD 70 MILLION THREE-YEAR REVOLVING
CREDIT
FACILITY AGREEMENT WITH CIT GROUP AT ATTRACTIVE TERMS
    * AN INITIAL DRAWDOWN OF USD 40 MILLION HAS BEEN USED TO
REFINANCE
EXISTING DEBT
    * AS A CONSEQUENCE, PREVIOUS TERM LOANS WITH BEAL BANK AND
CIT
HAVE BEEN REPAID IN FULL
    * FURTHER DRAWDOWNS UNDER FACILITY WILL STRENGTHEN FREE
LIQUIDITY
AND MAY BE USED FOR VESSEL UPGRADES, INVESTMENTS OR GENERAL
CORPORATE PURPOSES.

Source text for Eikon:  ID:nObiHQvX2a 
Further company coverage:  MPCC.OL 

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