Rickmers Maritime close to major financing deal

Rickmers Maritime is considering converting its debt to bonds worth more than USD 70 million as part of an ongoing restructuring of the listed company's debt burden. Meanwhile, the carrier has been offered a credit facility worth USD 260 million in order to cover bank debt.

BY DANIEL LOGAN BERG-MUNCH

Rickmers Maritime, which owns 16 Panamax container vessels, has been offered a major bank deal, and due to the tough market conditions, the carrier is considering converting debt to new bonds on a major loan expiring in 2017, informs the company in a statement on Wednesday.

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