Successful completion of tap issue

Oslo, 2 February 2018 - MPC Container Ships ASA (MPCC) through its fully owned subsidiary MPC Container Ships Invest B.V. has successfully completed a tap issue of USD 100 million in the senior secured bond “MPC Container Ships Inve 17/22 FRN USD C” (ISIN NO 0010805872). The bonds carry a floating interest rate of 3m LIBOR + 4.75% and the total nominal amount of bonds outstanding after the tap issue will be USD 200 million. The tap issue was significantly oversubscribed. The settlement date is expected to be 13 February 2018. 

Oslo, 2 February 2018 - MPC Container Ships ASA (MPCC) through its fully owned subsidiary MPC Container Ships Invest B.V. has successfully completed a tap issue of USD 100 million in the senior secured bond “MPC Container Ships Inve 17/22 FRN USD C” (ISIN NO 0010805872). The bonds carry a floating interest rate of 3m LIBOR + 4.75% and the total nominal amount of bonds outstanding after the tap issue will be USD 200 million. The tap issue was significantly oversubscribed. The settlement date is expected to be 13 February 2018. 

The net proceeds from the tap issue will be used for acquisition of additional container vessels.

DNB Markets and Fearnley Securities acted as joint lead managers in connection with the tap issue.

For further information, please contact: MPC Container Ships: ir@mpc-container.com