PARETO ADVISES CONTAINERSHIPS PLC ON THE SUCCESSFUL PLACEMENT OF A EUR 60 MILLION SENIOR SECURED BOND
Pareto Securities has advised Containerships plc (“Containerships” or the “Company”), a Finnish logistics group offering sea and land-based container transportation, on placing a 4-year EUR 60 million senior secured bond (the “Bonds”). The proceeds from the transaction will be used to refinance in full the Company’s existing bond debt and for general corporate purposes. The Bonds, maturing in November 2021, will bear a floating rate coupon of 3 month Euribor + 6.25 per cent, with interest paid quarterly. The Bonds will be listed on Nasdaq Helsinki within 60 days of the issue date. The