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

MPCC Sustainability-Linked Financing Framework - September 2024 ABS Second Party Opinion of MPCC - September 2024

Other financing facilities

Facility	Type	Pre-delivery	Outstanding 31/03/25	Total capacity	Interest rate	#	Repayment profile	Maturity
HCOB	RCF		USD 0m	USD 100m /75m	295bps + SOFR	131	Commitment will be reduced starting in Mar 2024 – Dec 2027	Dec. 2027
CA-CIB	Term Loan	Yes	USD 87.3m	USD ~101m	175 – 275bps + SOFR	2	quarterly 48x 1.1m + 8x 2.4m, 4x 1.4m, followed by subsequent instalments (to be agreed by borrower and lender)	Q2 2031
HCOB-Ecofeeder	Term Loan		USD 34.4m	USD 50m	280bps + SOFR	4	14 x quarterly 0.7m + 25m balloon	Aug. 2028
BoComm	Sale & Lease back		USD 36.8m	USD 75m	260bps + SOFR	102	5x monthly 1.2m, 24x 0.3m + 24.4m balloon2	Sep. 2027
Deutsche Bank	Term Loan	Yes	USD 35.0m	USD ~54.5m	230bps + SOFR	2	23 x semi-annual installments of 3.33% + 23.34% balloon	2037
First Citizen Bank	Term Loan		USD 28.5m	USD 30m	195bps + SOFR	2	15 x quarterly 1.5m + 7.5m balloon	Oct. 2028
Development Bank of Japan / Shinsei	Term Loan		USD 16.0m	USD 16m	175bps + SOFR	1	8x quarterly 0.75m, 15x 0.28m + 5.9m balloon	Mar. 2031
KfW-IPEX	Term Loan		USD 0m	USD 52.0m³	190bps + SOFR	2	6 x semi-annual 5.4m, 7x 1.8m + 7.1m balloon	May 2032
Nordic HY Bond	Senior unsecured sustainability-linked		USD 200m	USD 200m	737.5bps	n/a	n/a	Oct. 2029

^{Data as of Q1 2025}
^{1) Release of two vessels May reducing the number of vessels to 11, 2) Voluntary Prepayment of ~USD 2m in May 2025 anticipated - release of one collateralized vessel, 3) Utilization in late May 2025 - all conditions precedent fulfulled}