By Susanna Moon
Chicago, Nov. 12 – Rickmers Holding GmbH & Cie. KG, parent of the Rickmers Group of shipping companies, said it priced a €25 million add-on to its 8 7/8% notes due June 2018 at par in a private placement to institutional investors.
This brings the corporate bond issue of June 2013 to €275 million, according to a company press release.
Proceeds from the bond tap will be used to finance growth investments and investments in the business operations as well as to refinance bank liabilities and refinancing costs.
Close Brothers Seydler Bank AG, Frankfurt am Main (Germany) is the global coordinator and bookrunner. Conpair Corporate Finance GmbH, Essen (Germany) is the financial adviser.
Rickmers Group is an international service provider for the shipping industry as well as for ship owners and shipping lines based in Hamburg, Germany, and Singapore.
| Issuer: | Rickmers Holding GmbH & Cie. KG
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| Issue: | Notes add-on
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| Amount: | €25 million
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| Maturity: | June 2018
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| Coupon: | 8 7/8%
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| Price: | Par
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| Yield: | 8 7/8%
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