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Maersk A/S Secures USD 5.1bn Revolving Credit Facility










JUNE 5, 2014 













A.P. Møller – Maersk A/S has successfully completed a USD 5.1bn syndicated revolving credit facility with a selected group of 21 banks. 





The new facility is arranged by the company itself and refinances a USD 6.75bn facility maturing in 2015.







A.P. Møller – Maersk A/S has consequently proactively addressed the upcoming refinancing in 2015, taking advantage of current favourable conditions in the global bank loan market and reduced the financial costs.





“We have received strong support from our global relationship banks who all participate in the transaction. The facility was oversubscribed and we are very pleased with the terms and conditions of the new facility. With the new facility we have extended the maturity profile of our finance commitments, reduced cost and confirmed our global banking group,”
 says Jan B. Kjærvik, Head of Group Finance and Risk Management.














The Facility has a maturity of 5 years which may be extended by up to two years and will be used for general corporate purposes.






Bank of America Merrill Lynch International Limited, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Barclays Bank PLC, BNP Paribas, Citi, Commerzbank Aktiengesellschaft, Danske Bank A/S, HSBC Bank plc, Nordea, The Royal Bank of Scotland plc, Santander Global Banking & Markets, SEB and Svenska Handelsbanken AB (publ) joined as Mandated Lead Arrangers. Crédit Agricole Corporate and Investment Bank, Deutsche Bank Luxembourg, DNB, ING Bank N.V., J.P. Morgan Limited, SMBC, Société Générale and Standard Chartered Bank, joined as Lead Arrangers. Danske Bank acted as Documentation Bank and Agent.








Reference & Image Credits: maerskpress










http://www.marineinsight.com/shipping-news/maersk-as-secures-usd-5-1bn-revolving-credit-facility

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