MPC Container Ships ASA Secures USD 40 Million Revolving Credit Facility
Summary
CEO Constantin Baack comments in relation to the announcement: "We are very satisfied with the cooperation demonstrated by CITs 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 companys 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. 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.
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