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Taking in more debts ?
RICKMERS MARITIME ESTABLISHES S$300 MILLION
MULTICURRENCY MEDIUM TERM NOTE PROGRAMME
Singapore, 19 November 2013 ? The Trustee-Manager of Mainboard-listed Rickmers Maritime
(the ?Trust?) Rickmers Trust Management Pte. Ltd. (?RTM? or the ?Issuer?) today announced the
establishment of a S$300 million multicurrency medium term note programme (the ?Programme?).
DBS Bank Ltd. and The Hongkong and Shanghai Banking Corporation have been appointed to act as
joint arrangers and dealers of the Programme.
Under the Programme, the Issuer may issue notes in series or tranches from time to time in
Singapore dollars or any other currency as may be agreed between the Issuer and the relevant dealer
(the ?Notes?). Each series or tranche of the Notes may be issued in various amounts and tenors, and
may bear interest at fixed, floating, variable, or hybrid rates or may not bear interest.
Unless specified otherwise in the relevant pricing supplement, the net proceeds arising from the issue
of the Notes under the Programme (after deducting issue expenses) will be used to finance capital
expenditures and for general corporate purposes. These include the refinancing of borrowings and
the financing of the Trust?s and its subsidiaries? working capital requirements.
Mr Thomas Preben Hansen, the Chief Executive Officer of RTM, commented, ?The establishment of
this Programme further diversifies our access to funding across various sources, and enables us to
issue debt over different tenors. It also provides us with the flexibility to tap the market according to
corporate needs. On top of our move to strengthen our balance sheet over the past quarters, this
better positions us to capitalise on growth opportunities as and when they occur.?
http://rickmers.listedcompany.com/news.html/id/381315