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Prospect News home > News index > List of issuers I > Headlines for International Container Terminal Services, Inc. > News item |
International Container tenders for $400 million 6¼%, 5½% perpetuals
By Susanna Moon
Chicago, Oct. 3 – Royal Capital BV is tendering for up to a cap of $400 million of its $300 million 6¼% senior guaranteed perpetual capital securities and $450 million 5½% senior guaranteed perpetual capital securities.
The notes are guaranteed by International Container Terminal Services, Inc.
International Container is making the offer as part of its strategy to manage its debt maturity profile, according to a company announcement.
The tender offer is contingent upon the company pricing a new issue of senior guaranteed perpetual capital securities, along with the signing of a subscription agreement.
Citigroup Global Markets Ltd. (+44 20 7986 8969 or liabilitymanagement.asia@citi.com) and Hongkong and Shanghai Banking Corp. Ltd. (+44 20 7992 6237, +852 2822 4100 or liability.management@hsbcib.com), Standard Chartered Bank (+65 6596 8807 or liability_management@sc.com) are the joint dealer managers.
D.F. King Ltd. (+44 20 7920 9700, +852 3953 7230, ictsi@dfkingltd.com or https://sites.dfkingltd.com/ictsi/) is the tender and information agent.
International Container is a Manila, Philippines-based port operator.
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