Germany: Rickmers Bond Increased by 50 Million EUR

Rickmers Bond Increased by 50 Million EUR2

Rickmers Holding GmbH & Cie. KG, parent of the Rickmers Group of shipping companies, has increased its corporate bond placed in June 2013 by 50 million Euros to 225 million Euros in a private placement to institutional investors.

The notes have a maturity of five years and an annual coupon of 8.875 per cent. The new tranche will be traded in the Prime Standard for Corporate Bonds of the Frankfurt Stock Exchange as of 7 November 2013. The existing terms and conditions of the corporate bond continue to apply for the new tranche.

Rickmers Holding intends to use the net proceeds from the second tranche 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 and placed it with institutional investors and asset managers. Conpair Corporate Finance GmbH, Essen (Germany), acted as Financial Advisor.


Rickmers Group, November 4, 2013