Subscription period for Rickmers €200 million 8 7/8% notes ends early

By Paul A. Harris

Portland, Ore., June 5 - The subscription period for Rickmers Holding GmbH & Cie. KG's offering of up to €200 million of 8 7/8% five-year notes has closed early, the company stated in a Wednesday press release.

When the deal was announced, books were scheduled remain open until Friday.

The bonds, which are expected to begin trading on Thursday, will be listed on the Frankfurt Stock Exchange on Tuesday.

The deal was marketed to both institutional and retail investors.

Close Brothers Seydler Bank AG was the global coordinator and bookrunner. TUSK Capital Management Ltd., London (UK) was the co-lead manager.

Creditreform assigns its BB rating to the notes.

Proceeds from the deal will be used to finance growth and investments, and to refinance bank debt.

Rickmers is a Hamburg, Germany-based international provider of services for the maritime industry, vessel owner and ocean carrier.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.