On 22 November 2017, MPC Container Ships announced the successful completion of a USD 175 million Private Placement.
The Private Placement was completed at a subscription price of NOK 47.50 per share, determined through an accelerated book-building process.
The net proceeds from the Private Placement will be used to pursue future investments in container vessels and general corporate purposes.
DNB Markets acted as Joint Bookrunner for MPC Container Ships in connection with the Private Placement.
Following the transaction, MPC Container Ships has successfully raised USD 450 million in capital in 2017 through four separate capital markets transactions.
This was DNB Markets’ second capital markets transaction for the company after acting as Joint Lead Manager in their recent USD 100m senior secured bond issue.
We would like to thank CEO Constantin Baack and MPC Container Ships for the vote of confidence, and wish them the best of luck.
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