DGAP-News: Hapag-Lloyd AG / Key word(s): Bond/Issue of Debt
Hamburg, 3 July 2017
Hapag-Lloyd launches notes offering
Volume of EUR 300 million / Proceeds will be used for the early redemption of existing bonds
Hapag-Lloyd AG, a leading global container shipping company, launched a euro bond offering with a volume of EUR 300 million and a maturity of seven years today. The proceeds will be used for the early redemption of the company's euro bond due in 2018 and the early partial redemption of the euro bond due in 2019. Currently, the redemption is envisaged for October this year.
Hapag-Lloyd is one of the leading companies in the industry and generated an EBITDA of EUR 607.4 million and an EBIT of EUR 126.4 million in 2016. On May 24 Hapag-Lloyd closed the merger with the Arabic liner shipping company UASC expecting annual synergies of USD 435 million from 2019 onwards. The pro forma results of the combined company for 2016 and Q1 2017 can be found in the company report.
NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA. This announcement is not an offer of securities for sale in the United States. The securities to which this document relates have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the
United States absent registration or an exemption from registration under the Securities Act. There will be no public offering of the securities in the United States.
This publication constitutes neither an offer to sell nor a solicitation to buy any securities. In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
|Phone:||+49 (0) 40 3001 - 2896|
|Fax:||+49 (0) 40 3001 - 72896|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|
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