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Rickmers Holding GmbH & Cie. KG / Key word(s): Bond

05.03.2014 18:01

Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement.

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Announcement according to 8 of the General Terms and Conditions of Deutsche Brse AG for the Prime Standard for Corporate Bonds

Ad hoc announcement: Rickmers bond increased to 250 million Euros

Hamburg, 5 March 2014. Rickmers Holding GmbH & Cie. KG, parent of the Rickmers Group of shipping companies, has increased its corporate bond placed in June 2013 by 25 million Euros to 250 million Euros in a private placement to institutional investors. The issue price for the new tranche was 100 per cent.

The existing terms and conditions of the corporate bond continue to apply for the new tranche. The notes have a term until June 2018 and an annual coupon of 8.875 per cent. The new tranche (ISIN: DE000A1TNA39 / WKN: A1TNA3) will be traded in the Prime Standard for Corporate Bonds of the Frankfurt Stock Exchange as of 7 March 2014.

The use of the net proceeds from this second increase remains unchanged in comparison to the former bond tranches. Rickmers Group intends to use the net proceeds 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.

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PRESS RELEASE: Ad hoc announcement: Rickmers bond increased to 250 million Euros