Global legal practice Norton Rose Fulbright has advised Rickmers Holding GmbH & Cie. KG, parent of Rickmers Group, on the issue of its corporate bond in an amount of €175m.
The bond has a term of five years and an annual interest rate of 8.875 per cent. It has been traded in the open market, Entry Standard, of the Frankfurt Stock Exchange since June 11, 2013, with participation in the Prime Standard for corporate bonds.
Rickmers Group with its head office in Hamburg is an established international provider of services for the maritime industry, vessel owner and ocean carrier. The Group is represented with more than 20 offices in eleven countries and over 50 sales agencies worldwide. The bond is to serve refinancing and to finance future growth.
Norton Rose Fulbright has won Rickmers Group as a new client, due to its strong track record advising on corporate bonds and its global experience in the structuring and implementation of tailor-made financing solutions for the shipping industry.
The Norton Rose Fulbright team was led by Frank Peter Regelin (partner, corporate/capital markets, Frankfurt) and included Sascha Grimm (partner, corporate/capital markets, Frankfurt) as well as Salmeh Sadeghi (senior associate, shipping, Hamburg) and Stefan Kutscheid (associate, corporate/capital markets, Frankfurt).
