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Published on 9/19/2013 in the Prospect News High Yield Daily.

Hapag-Lloyd plans to sell €200 million five-year senior notes

By Paul A. Harris

Portland, Ore., Sept. 19 - Germany-based Hapag-Lloyd AG disclosed plans to sell €200 million of five-year senior notes (/B-/) on Thursday, according to a market source.

Deutsche Bank AG, Citigroup and JPMorgan are the joint bookrunners for the Rule 144A and Regulation S offering. Berenberg, IKB, MM Warburg and Morgan Stanley are the co-managers.

The global shipping firm plans to use the proceeds to refinance debt and for general corporate purposes.


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