MS ‘Deutschland’ Beteiligungsgesellschaft mbH
Majority shareholder AURELIUS gives EUR 10m boost to MS Deutschland GmbH
MS ‘Deutschland’ Beteiligungs GmbH / Key word(s): Miscellaneous PRESS RELEASE Majority shareholder AURELIUS gives – Credit line of EUR 5m secures interest payment for 2013, as was agreed when the bond was issued, and will be used for planned investments – AURELIUS is waiving repayment of a EUR 5m loan – Christopher Nolde, Managing Director of MS Deutschland GmbH: ‘The additional support from our majority shareholder demonstrates its trust in the long-term success of our strategy.’ Neustadt in Holstein, 16 September 2013. – MS ‘Deutschland’ Beteiligungsgesellschaft mbH (‘MS Deutschland GmbH’), owner and operator of the cruise ship MS DEUTSCHLAND, has received a broad financing package from its majority shareholder AURELIUS. The financing package, which has a total volume of EUR 10m, secures the coupon payment for the corporate bond due in December 2013 and boosts the competitiveness and future viability of MS Deutschland GmbH. AURELIUS is providing MS Deutschland GmbH with a subordinated shareholder loan of EUR 5m that can be accessed at any time from 1 October 2013. In keeping with the bond collateral described in the prospectus, MS Deutschland GmbH will use part of these funds for the first interest payment of EUR 3.4m, which is due in December 2013. The remainder of the funds will be used for additional investment in the ship. For instance, during the scheduled dock period in 2014, French balconies will be installed on the ship. In addition, AURELIUS is taking over a EUR 5m loan and waiving its repayment. This reduces the debts of MS Deutschland GmbH and therefore strengthens its balance sheet structure. The support provided by AURELIUS ensures that MS Deutschland GmbH has an appropriate level of liquidity available, strengthening its course of growth. Furthermore, the loan waiver sustainably improves the company’s equity position and balance street structure. Christopher Nolde, Managing Director of MS Deutschland GmbH: ‘The support from our majority shareholder, which goes beyond what was agreed in the bond prospectus, demonstrates its trust in the long-term success of our strategy. We remain fully focused on our guests and our commitment to offer them a unique holiday experience on board the ‘Original Traumschiff”.
About MS ‘Deutschland’ Beteiligungsgesellschaft mbH: MS ‘Deutschland’ Beteiligungsgesellschaft mbH, headquartered in Neustadt in Holstein (Germany), operates cruises worldwide throughout the year as the owner of the ocean cruise liner MS DEUTSCHLAND, also known as the ‘Traumschiff’ from the television series of the same name. With a length of 175m and a width of 23m, the MS DEUTSCHLAND as ‘grand hotel of the high seas’ has a total of 294 passenger cabins. The ship received the award of ‘Best Ship 2013’ from both the Lufthansa City Center travel agencies and Diners Club. Further information: This report contains forward-looking estimates and statements that were made on the basis of the information available at this time. Forward-looking statements reflect the point of view at the time they are made. MS ‘Deutschland’ Beteiligungsgesellschaft mbH would like to point out that the actual circumstances and, consequently, the actual results realised at a later date may differ from the forecasts presented in this report for a variety of reasons. End of Corporate News 16.09.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | MS ‘Deutschland’ Beteiligungs GmbH | |
Am Holm 25 | ||
23730 Neustadt in Holstein | ||
Germany | ||
Phone: | 04561/396-0 | |
Fax: | 04561/396-121 | |
E-mail: | info@msdeutschland-gmbh.de | |
Internet: | www.msdeutschland-gmbh.de | |
ISIN: | DE000A1RE7V0 | |
WKN: | A1RE7V | |
Listed: | Frankfurt in Open Market (Entry Standard) | |
End of News | DGAP News-Service |
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