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XOSL (MPCC)

Bonds and financing

Bonds

SENIOR UNSECURED SUSTAINABILITY-LINKED BOND ISSUE 2024/2029

Ticker: TBA
ISIN:
NO0013355248
Face value:
USD 200 million
Coupon: 7.375% p.a.
Issued: 9 October 2024
Final maturity: 9 October 2029

Prospectus and bond terms can be found here.

SUSTAINABILITY-LINKED FINANCING FRAMEWORK

Other financing facilities

FacilityTypePre-deliveryOutstanding 30/06/25Total capacityInterest rate#Repayment profileMaturity
HCOBRCFUSD 0mUSD 100m /75m295bps + SOFR11Commitment will be reduced starting in Mar 2024 – Dec 2027Dec. 2027
CA-CIBTerm LoanYesUSD 81.6mUSD ~101m175 – 275bps + SOFR2

Quarterly 5x  5.7m + 4x 3.7m + 4x 1.4m3

Q2 2031
HCOB-EcofeederTerm LoanUSD 33.7mUSD 50m280bps + SOFR414 x quarterly 0.7m + 25m balloonAug. 2028
BoCommSale & Lease backUSD 31.4mUSD 75m260bps + SOFR915x monthly 1.2m, 24x 0.3m + 24.4m balloon1Sep. 2027
Deutsche BankGreen Term LoanYesUSD 54.5mUSD ~54.5m230bps + SOFR223 x semi-annual installments of 3.33% + 23.34% balloon 2037
First Citizen BankTerm LoanUSD 27.0mUSD 30m195bps + SOFR212 x quarterly 1.5m + 7.5m balloon Oct. 2028
Development Bank of Japan / ShinseiTerm LoanUSD 15.3mUSD 16m175bps + SOFR17x quarterly 0.75m, 15x 0.28m + 5.9m balloonMar. 2031
KfW-IPEXTerm LoanUSD 52.0mUSD 52.0m3190bps + SOFR26 x semi-annual 5.4m, 7x 1.8m + 7.1m balloonMay 2032
Nordic HY BondSenior unsecured sustainability-linkedUSD 200mUSD 200m737.5bpsn/an/aOct. 2029
Deutsche BankTerm Loan2 + accordionUSD 0.0mUSD 47.5m2 + USD 250m200bps + SOFR2

Quarterly 11x 2.4m, 8x 1.7m + 14.5m balloon

Jun. 2030
Société Generale4

Green Term Loan

YesUSD 0.0mUSD 29.3m210bps - SOFR1

Quarterly 28x USD 0.5m +  USD 15.6m balloon

Aug. 2033


Data as of Q2 2025
1)Voluntary Prepayment of ~USD 2m in August 2025 anticipated – release of one collateralized vessel, 2) Utilization in July 2025 – all conditions precedent fulfilled 3) Subsequent instalments to be agreed by borrower and lender, 4) Under documentation, term sheet signed