Independent journal on economy and transport policy
14:50 GMT+1
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A.P. Møller-Mærsk obtains a loan union of the value of 5,1 billion dollars
It represents the refinancing of a credit line of 6,75 billion dollars with maturation in 2015
June 5, 2014
Shipowning group Danish A.P. Møller-Mærsk has reached an agreement with a group of 21 banks in order to obtain a loan union of the total value of 5,1 billion dollars with estendibile quinquennial duration until ulterior two years. The loan represents the refinancing of a credit line of 6,75 billion dollars with maturation in 2015.
The Danish group has emphasized that with the operation it is taken advantage of the current favorable conditions of the market of the credit and are reduced the financial costs. "We have received - the responsible Group Finance and Risk has commented Management of A.P. Møller-Mærsk, Jan B. Kjærvik - a strong support from our banks, that they have all participated to the agreement. The adhesion to the credit line has exceeded the demand for financing and is many satisfying of the terms and of the conditions of the new financing, with which we have been extended the profile of the financial expirations of our engagement, we have reduced the costs and confirmed our total group of banks".
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Shipowning group Danish A.P. Møller-Mærsk has reached an agreement with a group of 21 banks in order to obtain a loan union of the total value of 5,1 billion dollars with estendibile quinquennial duration until ulterior two years. The loan represents the refinancing of a credit line of 6,75 billion dollars with maturation in 2015.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
