Obbligazioni societarie HIGH YIELD e oltre, verso frontiere inesplorate - Vol. 2 (7 lettori)

captain sparrow

Forumer storico
09.03.2020, Bloomberg:

CMA CGM Extended Credit Line Is Unsecured, Management Says

By Antonio Vanuzzo

(Bloomberg) --

Co. reached agreement for 3-year extension of CMA CGM and NOL credit lines due 2020 with group of banks on margin of existing RCF, management says in a conference call.

  • Unsecured RCF total $535m
  • Pledge on NOL unit shares if co. cash goes below $700m
  • Coronavirus impact on container shipping will be felt in end of 1Q, beginning of 2Q
    • Management says has “no crystal ball” to predict macroeconomic development beyond that
  • Co. EU750m bonds due 2025 gain 3 cents on the euro to 65.5 cents: Bloomberg data
  • NOTE: CMA CGM Extends $535m Loans Due 2020, Sees China Volume Upturn

09.03.2020, Bloomberg:

Shipping line CMA CGM predicts China recovery as its bonds dive

(Financial Times) -- One of the world’s biggest shipping companies, CMA CGM, has said shipments from China are returning to normal, even as investors bet against the French group’s solvency.

Rodolphe Saadé, chief executive of Marseille-based...
 

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