Costamare announced that its wholly owned subsidiary, Costamare Participations Plc, plans to offer in Greece up to €100 million of unsecured bonds which will be admitted to trading in the category of fixed income securities of the Regulated Market of the Athens Exchange.
The net proceeds of the offering are intended to be used for repayment of indebtedness, vessel acquisitions and working capital purposes.
The Bonds to be offered have not been registered under the Securities Act or the securities laws of any U.S. state or other jurisdiction and may not be offered or sold in the United States absent registration or unless pursuant to an applicable exemption from the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Bonds, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful. In addition, this announcement is not intended as and shall not constitute a public offer or advertisement of securities in Greece or an invitation to make offers to purchase any securities in any EEA Member State within the meaning of Art. 2(d) or 2(k) of the Prospectus Regulation respectively.