Home World Hapag-Lloyd decides to partially redeem senior note prior to maturity

Hapag-Lloyd decides to partially redeem senior note prior to maturity

Hapag-Lloyd AG has decided to early and partially redeem on 30 November 2020 EUR 150 million of the principle amount of a 5.125 percent senior note (ISIN XS1645113322; ISIN XS1645114056) maturing in 2024 at the fixed redemption price of 102.563 percent. The senior note was issued in July 2017 with an aggregate principal amount of EUR 450 million.

“With the early and partial bond redemption, we are continuing our prudent financial policy: We are further reducing debt, optimizing our capital structure and reducing our cost of debt. In doing so, we are acting in line with our strategic agenda,” said Mark Frese, CFO of Hapag-Lloyd.