DGAP-News: Rickmers Bond: Subscription period starts today
(firmenpresse) - DGAP-News: Rickmers Holding GmbH&Cie. KG / Key word(s): Bond
Rickmers Bond: Subscription period starts today
27.05.2013 / 07:02
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Rickmers Bond: Subscription period starts today
- Subscription period: from 27 May 2013 to 7 June 2013 (12 noon)
- Fixed coupon: 8.875 percent per year
- Volume of up to EUR 200 million
Hamburg, 27 May 2013 - As of today, the bond of Rickmers Holding GmbH&Cie. KG, parent of the Rickmers Group of shipping companies, can be
subscribed to. The subscription period is expected to end on 7 June 2013 at
12 noon but can be shortened.
With this bond that has a maturity of five years, Rickmers offers to
institutional and retail investors a fixed annual coupon of 8.875 percent.
The notes are expected to be listed in the Freiverkehr of the Frankfurt
Stock Exchange (Open Market, Entry Standard) with requested participation
in the Prime Standard for Corporate Bonds as of 11 June 2013.
Retail investors can subscribe to the bond via their bank or depositary
bank as well as via the Rickmers website (www.rickmers.com/investors).
Initial interest payments are due on 11 June 2014.
Net proceeds from the issue are to be used to finance growth and
investments, and to refinance bank liabilities / refinancing costs.
In 2012, the Rickmers Group achieved consolidated revenue of EUR 618.3
million (2011: EUR 574.3 million). EBIT also rose from EUR 90.5 million in
2011 to EUR 114.7 million, with net earnings for 2012 improving to EUR 22.5
million (2011: EUR 13.8 million).
Rickmers - 179 years' family tradition in shipping
Headquartered in Hamburg, Rickmers is a long-established group of companies
in international shipping with a name rich in tradition. The roots of the
enterprise's family tradition in shipping date back to 1834 when Rickmer C.
Rickmers founded the Rickmers yard in Bremerhaven. Bertram R. C. Rickmers
set up the first company that would form the nucleus of the present-day
Rickmers Group in 1982. The corporate group carries the Rickmers flag,
nearly 180 years old and famous throughout the world in the maritime
business.
Today, the Group's spectrum of services ranges from the coordination and
monitoring of newbuilds, arranging of financing and chartering to the
management and operation of its own and third-party vessels. Additionally,
the Group operates Rickmers-Linie, one of the premier providers of global
breakbulk, heavy lift and project cargoes liner services.
Key bond details
Issue volume: Up to EUR 200 million
Subscription period: 27 May to 7 June 2013 (12 noon), shortening possible
Term | due: 5 years | 11 June 2018
Interest (coupon): 8.875 percent p.a.
Interest payment: Annually on 11 June, for the first time in 2014
Denomination: EUR 1,000
Minimum investment: EUR 1,000
WKN | ISIN: A1TNA3 | DE000A1TNA39
Redemption rate: 100 percent of the nominal amount
Type of security: Bearer debenture bond
Stock exchange: Freiverkehr of the Frankfurt Stock Exchange (Open Market,
Entry Standard) with requested participation in the Prime Standard for
Corporate Bonds
Start of trading: 11 June 2013 (planned)
Corporate rating BB (Creditreform Rating, May 2013)
Sole Global Coordinator and Sole Bookrunner for the transaction is Close
Brothers Seydler Bank AG, Frankfurt am Main (Germany). Co-lead manager is
TUSK Capital Management Limited, London (UK). The issue is accompanied by
Conpair Corporate Finance GmbH, Essen (Germany), as financial advisor.
Further information such as the final terms and conditions of the offer and
the prospectus approved by the Luxembourg securities and markets authority
(Commission de Surveillance du Secteur Financier - CSSF) with notification
issued to the German Financial Services Regulatory Authority (BaFin) and
Austrian Financial Market Authority (FMA) can be obtained from the
company's homepage at www.rickmers.com/investors or from Rickmers' bond
hotline +49 (0)40 609 411 422 (Monday to Friday 9 am to 6 pm).
About Rickmers Group
Headquartered in Hamburg, the Rickmers Group is an established
international provider of services for the maritime industry, vessel owner
and ocean carrier. It is internationally represented with more than 20
offices in eleven countries and over 50 sales agencies worldwide. The
business activities of the Rickmers Group are divided into three segments:
Maritime Assets, Maritime Services and Rickmers-Linie.
With its Maritime Assets segment, the Rickmers Group acts as asset manager
for its own and for third-party vessels, initiates and coordinates vessel
projects, arranges financing and acquires, charters out and sells vessels.
In the Maritime Services business segment, the Rickmers Group provides ship
management for Rickmers Group's own and for third party vessels, including
technical and operational management, crewing, newbuilding supervision and
advisory and insurance-related services. In the Rickmers-Linie business
segment, the Rickmers Group offers global breakbulk, heavy lift and project
cargoes liner services and individual sailings complementing the liner
services.
Press enquiries:
Kirchhoff Consult AG
Sebastian Bucher
T: +49 (0)40 60 91 86 18
F: +49 (0)40 60 91 86 60
E: sebastian.bucher(at)kirchhoff.de
Bond hotline:
T: +49 (0)40 609 411 422 (Mondays to Fridays 9 am to 6 pm)
E: anleihe(at)rickmers.com
Disclaimer
This press release does not represent a sales offer nor a request to make
an offer for the sale or subscription of securities pertaining to Rickmers
Holding GmbH&Cie. KG and is not intended to replace any prospectus. Any
decision to invest in the bond issued by Rickmers Holding GmbH&Cie. KG is
to be based solely on the prospectus approved by the Luxembourg securities
and markets authority (Commission de Surveillance du Secteur Financier-
CSSF) with notification issued to the German Financial Services Regulatory
Authority (BaFin) and Austrian Financial Market Authority (FMA), which is
available on the company's website at www.rickmers.com (>Investor
Relations>Bond) and from the company's head office (Neumühlen 19, 22763
Hamburg).
This press release and the information it contains is not intended to be
distributed, directly or indirectly, to or within the United States of
America, Canada, Australia or Japan.
This press release contains forward-looking statements. Forward-looking
statements include all statement that do not describe past details, but
concepts such as 'believe', 'assume', 'expect', 'suppose', 'estimate',
'plan', 'intend', 'could' or similar formulations. These forward-looking
statements are subject to natural risks and imponderables that refer to
future results and to present-day assumptions and estimates of Rickmers
Holding GmbH&Cie. KG that might never occur in the future, or not as
supposed. They do not represent any guarantee of the occurrence of future
results or services of Rickmers Holding GmbH&Cie. KG and the actual
financial situation and the actually achieved results of Rickmers Holding
GmbH&Cie. KG, such as the overall economic development and the legal
framework, can vary considerably from expectations explicitly or implicitly
expressed in future-looking statements and may not fulfil these. Investors
are therefore advised not to rely on the forward-looking statements
expressed here when making any investment decisions with respect to
Rickmers Holding GmbH&Cie KG. Rickmers Holding GmbH&Cie. KG is not
responsible for updating or correcting forward-looking statements expressed
here or to adjust forward-looking statements to future results or
developments.
End of Corporate News
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27.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Rickmers Holding GmbH&Cie. KG
Neumühlen 19
22763 Hamburg
Germany
Phone: +49 40 389177 0
Fax: +49 40 389177 500
E-mail: info(at)rickmers.com
Internet: www.rickmers.com
ISIN: DE000A1TNA39
Listed: Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen / Designated to be listed
End of News DGAP News-Service
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213121 27.05.2013
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