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            august 26, 2019

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Indiaexportnews.com

MPC Container Ships ASA secures USD 40 million revolving credit facility

  25.04.2019    

Oslo - MPC Container Ships ASA 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."



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