Contships Logistics Corp. has successfully completed a USD 75 million tap issue of its outstanding senior unsecured sustainability-linked bond due 11 February 2030 (ISIN: NO0013470559) at 99.00% of par.
The net proceeds from the tap issue shall be applied towards general corporate purposes of the Group, which may include refinancing of existing financial indebtedness and acquisition of maritime assets.
Following the tap issue, the senior unsecured sustainability-linked bond will have USD 175 million outstanding.
Listing of the bonds in the tap issue remains subject to approval of a prospectus. The bonds in the tap issue will be issued under a separate ISIN (ISIN: NO0013648329) pending such approval, after which they will be merged with the existing bonds.