Brief: MPC Container Ships Secures New Financing Facility

Mpc Container Ships ASA

20/10/2021 06:09

Oct 20 (Reuters) - MPC Container Ships ASA  MPCC.OL :
    * MPC CONTAINER SHIPS ASA SECURES NEW FINANCING FACILITY,
AGREES
ON SALE OF SIX VESSELS AND PROVIDES UPDATE ON CHARTER FIXTURES
    * MPC CONTAINER SHIPS ASA SECURES NEW FINANCING FACILITY,
AGREES
ON SALE OF SIX VESSELS AND PROVIDES UPDATE ON CHARTER FIXTURES
    * MPC CONTAINER SHIPS ASA - HAS AGREED A USD 180 MILLION
FIVE-YEAR
SENIOR SECURED CREDIT FACILITY ( "FACILITY") WITH HAMBURG
COMMERCIAL BANK ("HCOB") AT ATTRACTIVE TERMS
    * MPC CONTAINER SHIPS ASA - FACILITY CONSISTS OF A USD 130
MILLION
TERM LOAN AND A REVOLVING CREDIT FACILITY OF USD 50 MILLION
    * MPC CONTAINER SHIPS ASA - HAS AGREED TO SELL SIX SMALLER
VESSELS
WITH AN AVERAGE SIZE OF 1,200 TEU FOR A TOTAL OF USD 135 MILLION
    * MPC CONTAINER SHIPS ASA - INTENDS TO USE FACILITY AND
PARTS OF
PROCEEDS FROM VESSEL SALES TO REFINANCE EXISTING DNB ACQUISITION
FINANCING AND OUTSTANDING USD 204 MILLION BOND FINANCING
    * MPC CONTAINER SHIPS ASA - EXPECTS TO ENTER NEW ERA OF
RETURNING
CAPITAL TO SHAREHOLDERS AS OF Q1 2022 BY DISTRIBUTING UP TO 75%
OF NET PROFIT BY WAY OF DIVIDENDS AND/OR SHARE BUYBACKS
    * MPC CONTAINER SHIPS ASA - EBITDA BACKLOG FROM 1 JULY 2021
ONWARDS CURRENTLY ABOVE USD 700 MILLION

Source text for Eikon:  ID:nWkrc6mY1w 
Further company coverage:  MPCC.OL 

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