OSLO, Norway, April 25, 2019 /PRNewswire/ -- MPC Container Ships ASA (the "Company", together with its subsidiaries the "Group") is pleased to announce that it has entered into a USD 40 million three-year revolving credit facility agreement with CIT Group at attractive terms. Drawdowns under the facility may be used toward investments, vessel upgrades or general corporate purposes.
CEO Constantin Baack comments in relation to the announcement: "We are very satisfied with the cooperation demonstrated by CIT's Maritime Finance team and their support in further positioning MPC Container Ships as a leading tonnage provider within the feeder container space. With the new credit facility, we add a highly flexible instrument to our capital structure whilst adhering to the company's strategy of moderate leverage. Moreover, the facility ensures additional financial strength for MPC Container Ships in anticipation of improved market conditions."
The above information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
About MPC Container Ships ASA:
MPC Container Ships ASA (ticker code "MPCC") was formed in April 2017. Its main activity is to own and operate a portfolio of container ships with a focus on the feeder segment between 1,000 and 3,000 TEU. The Company is registered and has its business office in Oslo, Norway. For more information, please see our webpage: www.mpc-container.com
The SM group continues to expand its presence nationwide to serve more Filipinos and communities.
"We will continue to invest in growth in the Philippines and we are committed to being a catalyst for responsible development. We have a young,...
UnionPay International (UPI) has teamed up with JD PAY, JD.com's digital payment service to elevate the cross-border shopping experience, enabling customers around the world to use their local UnionPay cards on JD.com. This partnership is a major...
January?March 2024 compared with January?March 2023
Net sales declined to SEK 4,558m (4,813). The sales decrease was mainly due to lower selling prices. Delivery volumes increased compared with the preceding year due to a gradual ramp up of...
Highlights
Underlying sales growth excluding OPM1 and Strategic Review2 of 3%.
Strong operational progress in all divisions and continued execution momentum across our 2024 strategic priorities.
Continuing to infuse our products with AI and...
Strong sales, all-time high earnings, and growing market shares due to the successful roll-out of Scania Super.?
Scania Group net sales grew by 20 percent to SEK 55.1 billion (45.8)Adjusted operating income reached SEK 8.0 billion (6.2)...