The German owner yesterday unveiled plans for an EUR 200m ($257m) bond amid talk of consolidation from boss Bertram Rickmers.
Ron Widdows, CEO of Rickmers Holding, tells TradeWinds around half of the cash from the offer will be used to repay outstanding obligations and reset agreements with its lenders.
In a telephone interview in the midst of a European road show for the issue, Widdows explained: “Half of the proceeds will be used for some new investments; carefully so given the environment.”
The
