Marine Link
Saturday, September 23, 2017

A.P. Møller Mærsk secures $5.1bn revolving credit facility

June 6, 2014

A.P. Møller - Mærsk Logo

A.P. Møller - Mærsk Logo

A.P. Møller - Mærsk A/S has today 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 - Mærsk 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.


Maritime Reporter Magazine Cover Sep 2017 - Maritime Port & Ship Security Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News