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Hapag-Lloyd to redeem €280 million 6¾% notes due 2022 at 103.375
By Sarah Lizee
Olympia, Wash., June 14 – Hapag-Lloyd AG issued a redemption notice for its €280 million of outstanding 6¾% senior notes due 2022.
The notes will be redeemed on June 24 at 103.375 plus accrued interest of €7,507,500, plus any additional amount, according to the company call notice.
The redemption is subject to a financing condition.
The record date will be the business day immediately before the redemption date.
The paying agent is Deutsche Bank AG, London Branch.
The issuer is a Hamburg, Germany-based container ship company.
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