Oslo, 25 April 2019 - MPC Container Ships ASA (the "Company", together with its
subsidiaries the "Group") is pleased to announce that it has entered into a USD
40 million three-year revolving credit facility agreement with CIT Group at
attractive terms. Drawdowns under the facility may be used toward investments,
vessel upgrades or general corporate purposes.
CEO Constantin Baack comments in relation to the announcement: "We are very
satisfied with the cooperation demonstrated by CIT's Maritime Finance team and
their support in further positioning MPC Container Ships as a leading tonnage
provider within the feeder container space. With the new credit facility, we add
a highly flexible instrument to our capital structure whilst adhering to the
company's strategy of moderate leverage. Moreover, the facility ensures
additional financial strength for MPC Container Ships in anticipation of
improved market conditions."
The above information is subject to the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.
Further information and contact:
ir@mpc-container.com
About MPC Container Ships ASA:
MPC Container Ships ASA (ticker code "MPCC") was formed in April 2017. Its main
activity is to own and operate a portfolio of container ships with a focus on
the feeder segment between 1,000 and 3,000 TEU. The Company is registered and
has its business office in Oslo, Norway. For more information, please see our
webpage: www.mpc-container.com