Fixed income investor meetings
Oslo, 23 January 2020 - Klaveness Combination Carriers ASA ("KCC" or the “Company”) has mandated Danske Bank, Nordea, Pareto Securities and SEB to arrange a series of fixed income investor meetings commencing 24 January 2020. Subject to inter alia market conditions, a NOK or USD denominated 5-year senior unsecured bond issue may follow.
In conjunction with the potential bond issue, the Company will consider a conditional buyback of KCC03 (ISIN: NO0010779549) maturing 27 May 2021. The proceeds from the potential bond issue will be used for repurchasing KCC03 and general corporate purposes.
2019 operational update
Preliminary average earnings per on-hire day for 2019 ended at USD 16,877 for the CABU vessels and USD 18,300 for the CLEANBU vessels.
The preliminary earnings are subject to change and the fourth quarter and preliminary full year 2019 financial statements finally approved and released by the Company may deviate from the information herein.
For further queries, please contact:
Engebret Dahm, CEO
Telephone +47 22 52 62 62
Liv Dyrnes, CFO
Telephone +47 22 52 61 51
About Klaveness Combination Carriers ASA
KCC is the world leader in combination carriers, owning and operating nine CABU and three CLEANBU combination carriers with another five CLEANBU combination carriers on order for scheduled delivery in the period 2020 - 2021. KCC’s combination carriers are built for transportation of both wet and dry bulk cargoes, being operated in trades where the vessels efficiently combine dry and wet cargoes with minimum ballast. Through their high utilization and efficiency, the vessels emit up to 40% less CO2 per transported ton compared to standard tanker and dry bulk vessels in current and targeted combination trading patterns. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
