Obbligazioni societarie Bond Rickmers Holding GmbH 8,875% 2018 - DE000A1TNA39

[jackbond]

Rickmers Holding AG rating updated to CC (negative outlook)


Hamburg, 15 November 2016 – The rating agency Creditreform has updated its rating for Rickmers Holding AG, parent of the shipping company Rickmers Group, from CCC (negative outlook) to CC (negative outlook).

Creditreform bases the new rating above all on the overall market conditions prevalent in the container shipping sector and the corresponding weaker development of the Rickmers Group’s operative business as well as the resulting impairments.

To counteract the current market conditions, the Rickmers Group is working on the implementation of a bundle of multistage measures. In particular, this is intended to strengthen the company’s liquidity position and to restructure its liabilities. As communicated on 11 November 2016, as part of its refinancing of selected bank loans the Rickmers Group has formally approached the Group’s principal lending banks to agree a repayment profile and covenant structure, among other measures, that better reflect the current crisis in the shipping sector.

 

[gukko]

Eppure il baltic dry rispetto a prima é in risalita, forse non riescono ad agganciare la ripresa dei prezzi?

 

[idomeneo1966]

Peggio di così c'è il 13,85 del 19 di Settembre-...... ehehehehehheehh !!!!!

Cmq qualcuno di voi sa o è riuscito a dare un occhiate a quanto è il cash rispetto alla volta scorsa????

ci stiamo avvicinando ....

 

[Near]

ci stiamo avvicinando ....

Ottima occasione per mediate low cost. Quadruplichi la posizione e speri che risalga.

Ma può sempre uscire qualcosa di buono nel 2017 anche per il bondista rickmers (magari meglio del maritime).

 

[micheledl]

ci stiamo avvicinando ....

Vedremooooo......

 

[AtuttoGAZ]

Rickmers Maritime suspends trading

Trading of shares in Rickmers Maritime will be halted today after the shipping trust yesterday asked for a suspension as it is unable to demonstrate that it can continue as a going concern.
Its manager, Rickmers Trust Management, said in a statement that it wants trading suspended until the issue over the firm's ongoing health is resolved.
It cited "the uncertain outcome of the discussions with senior lenders and the adjourned note holders' meeting" as factors in the decision.
Rickmers also said it missed a $4.26 million interest payment to bond holders yesterday.
Failure to make this payment is deemed an "event of default", which will trigger cross-default and cross-acceleration clauses in other loan agreements.
Rickmers Trust Management added that it is in discussions with its senior lenders to obtain standstills and/or waivers in respect of its obligations under the existing senior loan facilities.
The statement came a day after Swissco Holdings, a debt-ridden rig and vessel charterer, said it would put itself under interim judicial management as it can no longer continue as a going concern. Bank lenders have also rejected its debt restructuring plans.
Rickmers has managed to secure bank lenders' support, but is struggling to get note holders to agree to a swap of its $100 million outstanding notes due next May for $40 million worth of notes due in November 2023 and new units in the trust. Note holders have cited "bad faith" and a refusal to be "bulldozed".
Rickmers will convene a note holders' meeting between Nov 23 and Dec 21 instead to try to reach a decision.
The counter closed unchanged at 2.6 cents yesterday.

Marissa Lee

http://rickmers.listedcompany.com/newsroom/20161115_171220_NULL_A67T79II5Y9DY2OC.1.pdf

 

[Near]

Vedremooooo......

Siamo a 17 in effetti. Come tutto può scendere ancora o risalire spinta da news sul fronte orientale.
Che fare?
Bel dilemma, personalmente non medio finchè non sento qualche novità nel bene o nel male. Insomma non stiamo parlando di Ktg o abengoa.

 

[Manuel86]

Ciao a tutti sono nuovo mi presento mi chiamo Manuel. Volevo farvi qualche domanda e cosa ne pensate dato che qui stiamo scendendo sempre più giu e sono preoccupato quanto voi . 1) secondo voi una vittoria del no al referendum può influire sulle nostre obbligazioni? La Merkel ha detto che se l'Italia non vota si, esce dall'Europa e che probabilmente (aggiungo io) per loro sarebbe un dramma dato che ci stanno imponendo austerità. Gioele Magaldi massone e gran maestro del Gran oriente democratico ha detto che nei prossimi anni la Germania avrà problemi con le esportazioni.che ne pensate? 2) in caso di fallimento della Rickmers c'è un recupero dei soldi o abbiamo perso tutto? Grazie.

 

[jackbond]

Rickmers Maritime Singapore bond coupon payment default has no impact on the financing of Rickmers Holding and its subsidiaries

Hamburg, 18 November 2016 – On 15 November 2016 Rickmers Trust Management Pte. Ltd., in its capacity as Trustee Manager of Rickmers Maritime, Singapore, announced that Rickmers Maritime is not in a position to make the coupon payments due on 15 November 2016 to holders of the bond (ISIN NO. SG6QC6000001) issued by Rickmers Maritime.

This announcement and the default on coupon payments have no impact on the financing of Rickmers Holding AG and its subsidiaries:

• Rickmers Holding AG and its subsidiaries on the one hand and Rickmers Maritime on the other do not have any common financing structures; their sources of finance are fully separate from one another.

• Neither does the coupon-payment default on the bond issued by Rickmers Maritime trigger any Cross-Defaults or Events of Default under the terms of the financing structures of Rickmers Holding AG or its subsidiaries.

• Through the sale of all shareholdings in Rickmers Trust Management Pte. Ltd. on 17 October 2016 Rickmers Maritime is no longer controlled by Rickmers Holding AG. From this time forward the equity method will be used to include Rickmers Maritime in the Group’s consolidated financial statements as a shareholding in an associated company.

Moreover, the business activities of Rickmers Maritime on the one hand and the Rickmers Group on the other are completely separate from one another. From an overall Group perspective the Rickmers Group merely provides an insignificant volume of maritime services for the vessels operated by Rickmers Maritime. Furthermore there also is no operational impact on the vessels owned by Rickmers Group.

 

[AtuttoGAZ]

Qualcuno ha il prospetto del bond RICKSP 8.450% 15May2017 Corp (ISIN: SG6QC6000001)?
Perche' l'emittente e' Rickmers Trust Management ma e' anche garante o il garante e' Rickmers Maritime?
Grazie.