MPCC: Expected vessel acquisition and updated Investor Presentation for fixed income investor meetings
Oslo, Norway – As announced on 20 September 2024, MPC Container Ships ASA ("MPCC" or the "Company") has mandated Arctic Securities and Pareto Securities as Joint Global Coordinators and Joint Bookrunners to arrange a series of fixed income investor meetings.
In parallel, MPCC is pleased to inform that, the Company has the option to acquire four vessels for a total consideration of USD 180 million, subject to customary conditions. The vessel acquisition is not conditional upon the contemplated bond issuance, and the bond issuance is not conditional upon the expected acquisition.
Key information relating to the vessel acquisition is included in the updated Investor Presentation (attached), which will be used in connection with the fixed income meetings.
This stock exchange announcement contains inside information as defined in the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Securities Trading Act. The information was submitted for publication by Pål Sætre at MPC Container Ships ASA on 23 September 2024 at 14:45 CEST.
Forward-looking statements:
This announcement includes forward-looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made based upon management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company's regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement.