Klaveness Combination Carriers AS – New Debtor in KSH03 PRO bond issue

KCC: Oslo, 16 January 2019: With reference to the announcement 2 January 2019, Klaveness Combination Carriers AS (KCC) is pleased to announce that the bondholders of the NOK 300 million senior unsecured bond issue (ISIN: NO0010779549, Ticker: KSH03 PRO) have accepted the proposal as set out in the Written Resolution and the bond issue will change debtor from Klaveness Ship Holding AS (KSH) to Klaveness Combination Carriers AS.

The existing loan provided by KSH to KCC of USD 36 mill will as a consequence be repaid. Please find below a notice from Nordic Trustee. The debtor change is expected to take place within end of January 2019.

Nordic trustee confirmation

For questions please contact:

Liv Hege Dyrnes, CFO, phone +47 2252 6151


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Minutes from Extraordinary General Meeting 18 January 2019

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Delivery of the first vessel in our next generation of combination carriers, MV Baru