DGAP-News: Rickmers with successful capital market debut
(firmenpresse) - DGAP-News: Rickmers Holding GmbH&Cie. KG / Key word(s): Bond
Rickmers with successful capital market debut
06.06.2013 / 14:21
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Rickmers with successful capital market debut
* Trading of the Rickmers bond on a when-issued basis on the Frankfurt
Stock Exchange started 6 June 2013
* Issue volume is EUR 175 million
* Proceeds to be used equally towards growth and refinancing
Hamburg, 6 June 2013 - Rickmers Holding GmbH&Cie. KG, parent of the
Rickmers Group of shipping companies, has closed the order book of its
corporate bond issue (ISIN: DE000A1TNA39, WKN: A1TNA3) earlier with the
subscription period ending 5 June 2013 at 5pm CET. Trading of the bond on a
when-issued basis in the unregulated market of the Frankfurt Stock Exchange
(Open Market, Entry Standard) with the inclusion of the bond in the Prime
Standard for Corporate Bonds segment began today.
The Rickmers corporate bond has a gross issuance volume of EUR 175 million.
The notes have a maturity of five years and an annual coupon of 8.875
percent.
Ronald D. Widdows, CEO of Rickmers Group: 'With this first step, we have
achieved our objective of bringing Rickmers Holding to the capital market,
successfully tapping a new source of funding that provides Rickmers with an
additional tool to take advantage of the opportunities that will develop in
the market going forward. This bond issue also has brought us into a whole
new set of relationships with many in the investment community that will be
beneficial as we build and expand our business.
'With a volume of EUR 175 million, the Rickmers bond is one of the largest
SME bonds to date in Germany. The successful issue confirms the value of
the significant effort that our organization has devoted to transforming
the Group into a capital market oriented company', says Ignace Van Meenen,
Deputy CEO and CFO.
'We designed a process to approach investors with a coupon range at the
beginning of our engagement and then fixed the coupon at a level to reach
what we viewed as an optimal combination of issue volume, investor
diversity and coupon rate in the current market environment', adds Mark-Ken
Erdmann, Deputy CFO.
'The net proceeds from the issue are to be used to finance growth and
investments as well as to refinance bank liabilities', says Frank Bünte,
CRO und Head of Capital Markets.
Close Brothers Seydler Bank AG, Frankfurt am Main (Germany), acted as Sole
Global Coordinator and Sole Bookrunner on the transaction. Co-lead manager
was TUSK Capital Management Limited, London (UK). Conpair Corporate Finance
GmbH, Essen (Germany), acted as financial advisor on the transaction.
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 Groupprovides 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 constitute an offer to sell nor an invitation
for an offer to buy or subscribe for any securities of Rickmers Holding
GmbH&Cie. KG. The public offering of the notes in the Federal Republic of
Germany, the Republic of Austria and the Grand Duchy of Luxembourg which
was made exclusively on the basis of a prospectus approved by the
Luxembourg securities and markets authority (Commission de Surveillance du
Secteur Financier- CSSF) on 14 May 2013 with notification issued to the
German Financial Services Regulatory Authority (BaFin) and Austrian
Financial Market Authority (FMA) and available on the company's website at
www.rickmers.com (>Investor Relations>Bond) and from the company's head
office (Neumühlen 19, 22763 Hamburg), has been closed.
This press release and the information contained therein may not be
distributed, directly or indirectly, in or into the United States of
America, Canada, Australia or Japan or in any other jurisdiction, in which
such distribution is not allowed. Any infringement of this limitation can
be a breach of securities law regulations of these countries.
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. . 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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06.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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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215249 06.06.2013
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