MPCC: Successful Placement of USD 125 million Senior Unsecured Sustainability-linked Bond Issue

25 Sep 2024 17:01 CEST

Oslo, Norway - MPC Container Ships ASA (the "Company") has today successfully
completed a USD 125 million senior unsecured sustainability-linked bond maturing
on October 9, 2029. The bonds will pay a coupon of 7.375 % per annum.

Following a successful two-day roadshow, the bond issue attracted strong demand
from a broad range of high-quality institutional investors globally. The book
was significantly oversubscribed, enabling the deal to be upsized from USD 100
million to USD 125 million.

Net proceeds from the bond issue will be applied towards general corporate
purposes, including refinancing of existing financial indebtedness and
acquisition of maritime assets. An application will be made for the bonds to be
listed on the Oslo Stock Exchange.

Arctic Securities and Pareto Securities acted as Global Coordinators and Joint
Bookrunners in the bond issue. Clarksons Securities and Fearnley Securities
acted as co-managers.

For more information, contact:
ir@mpc-container.com

About MPC Container Ships ASA:
MPC Container Ships ASA (ticker code "MPCC") is a leading provider of container
tonnage, focusing on small to mid-size container ships. The Company owns and
operates a portfolio of vessels serving intra-regional trade lanes on fixed-rate
charters. The Company is registered and has its business office in Oslo, Norway.
For more information, please visit www.mpc-container.com.

Forward-looking statements:
This announcement includes forward-looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company's plans, strategies, business prospects, changes and trends in its
business, the markets in which it operates and its restructuring efforts. These
statements are made based upon management's current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in the
forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the risks
described from time to time in the Company's regulatory filings and periodical
reporting. The Company undertakes no obligation to update any forward-looking
statements to reflect events or circumstances after the date on which such
statement is made or to reflect the occurrence of unanticipated events. New
factors emerge from time to time, and it is not possible for the Company to
predict all of these factors. Further, the Company cannot assess the impact of
each such factor on its business or the extent to which any factor, or
combination of factors, may cause actual results to be materially different from
those contained in any forward-looking statement.

This stock exchange announcement is subject to the disclosure requirements
pursuant to section 5-12 of the Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site