Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Xetra  >  Hapag-Lloyd AG    HLAG   DE000HLAG475


News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Hapag-Lloyd AG: Hapag-Lloyd decides full redemption of senior note prior to maturity

share with twitter share with LinkedIn share with facebook
share via e-mail
06/14/2019 | 06:05am EDT

DGAP-News: Hapag-Lloyd AG / Key word(s): Bond
Hapag-Lloyd AG: Hapag-Lloyd decides full redemption of senior note prior to maturity

14.06.2019 / 12:02
The issuer is solely responsible for the content of this announcement.

Hapag-Lloyd decides full redemption of senior note prior to maturity

Today, Hapag-Lloyd AG has decided to fully redeem the outstanding EUR 280 million in aggregate principal amount of its outstanding 6.75 percent senior note due 2022
(ISIN XS1555576641 and ISIN XS1555576997) on 24 June 2019 at a fixed redemption price of 103.375 percent.

The redemption will be done predominantly from available cash. EUR 100 million of the EUR 280 million will be paid from a drawdown of a CDS-based credit facility.

"The complete repayment of this senior note ahead of maturity is a clear step forward towards further deleveraging and optimizing our capital structure. We are making good progress in our efforts to achieve our leverage target and the reduction of cost of debt, which continues to be an essential part of our strategic agenda," said Nicolás Burr, Chief Financial Officer of Hapag-Lloyd.

About Hapag-Lloyd
With a fleet of 235 modern container ships and a total transport capacity of 1.7 million TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. The Company has around 12,800 employees and 398 offices in 128 countries. Hapag-Lloyd has a container capacity of approximately 2.5 million TEU - including one of the largest and most modern fleets of reefer containers. A total of 121 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents. Hapag-Lloyd is one of the leading operators in the Transatlantic, Middle East, Latin America and Intra-America trades.

NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA. These materials are not an offer of securities for sale in the United States. The securities to which these materials relate have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There will be no public offering of the securities in the United States.

These materials are not an invitation nor are they intended to be an inducement to engage in investment activity for the purpose of Section 21 of the Financial Services and Markets Act 2000, as amended ("FSMA"). These materials are directed only at (i) persons outside the United Kingdom; or (ii) persons in the United Kingdom that are "qualified investors" within the meaning of Section 86(7) of FSMA that are also (a) persons authorized under FSMA or otherwise having professional experience in matters relating to investments and qualifying as investment professionals under article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Financial Promotion Order"); or (b) high net worth companies, unincorporated associations and other persons to whom article 49(2) (a) to (d) of the Financial Promotion Order applies; or (c) any other persons to whom these materials for the purposes of Section 21 of FSMA can otherwise lawfully be made available (all such persons together being referred to as "Relevant Persons"). Any person in the United Kingdom that is not a Relevant Person should not act or rely on these materials. The securities or any investment or controlled activity to which such securities relate are only available to, and will be engaged in only with, Relevant Persons.

Heiko Hoffmann
Senior Director Investor Relations

Hapag-Lloyd AG
Ballindamm 25
20095 Hamburg
Phone +49 40 3001-2896
Fax +49 40 3001-72896
Mobile +49 172 875-2126

14.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Hapag-Lloyd AG
Ballindamm 25
20095 Hamburg
Phone: +49 (0) 40 3001 - 2896
Fax: +49 (0) 40 3001 - 72896
E-mail: ir@hlag.com
Internet: www.hapag-lloyd.com
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 824993

End of News DGAP News Service

824993  14.06.2019 


© EQS 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on HAPAG-LLOYD AG
07/08HAPAG LLOYD : HMM joins THE Alliance
07/07HAPAG LLOYD : CMA CGM says it has sufficient security to operate in Persian Gulf
07/05Maersk joins other shippers in raising prices for Gulf-bound containers
07/02Hapag-Lloyd, ONE join peers in shipping blockchain platform
07/01Hyundai Merchant Marine Joins Shipping Alliance, Securing More Ocean Trade
07/01Hyundai Merchant Marine Joins Hapag-Lloyd Shipping Alliance
06/21TODAY'S LOGISTICS REPORT : Mega-Ship Shopping; Apple's Core Conflicts; Oiling th..
06/20EVERGREEN MARINE : Shippers Evergreen, Hapag-Lloyd Seeking Megaships Worth $2.2 ..
06/20DMG Mori to Replace Hapag-Lloyd on Germany's SDAX
06/18HAPAG-LLOYD AG : Change in core shareholders' stake in Hapag-Lloyd AG
More news
Financials (EUR)
Sales 2019 12 595 M
EBIT 2019 715 M
Net income 2019 250 M
Debt 2019 5 912 M
Yield 2019 0,97%
P/E ratio 2019 27,0x
P/E ratio 2020 14,7x
EV / Sales2019 0,99x
EV / Sales2020 0,88x
Capitalization 6 600 M
Duration : Period :
Hapag-Lloyd AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HAPAG-LLOYD AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 33,26  €
Last Close Price 37,55  €
Spread / Highest target 14,5%
Spread / Average Target -11,4%
Spread / Lowest Target -33,4%
EPS Revisions
Rolf Habben Jansen Chief Executive Officer
Michael Behrendt Chairman-Supervisory Board
Anthony James Firmin Chief Operating Officer
Nicolás Burr Garcia de la Huerta Chief Financial Officer
Karl Gernandt Member-Supervisory Board
Sector and Competitors