MPC Container Ships has raised $100m after completing the issuance of a new senior secured bond, which the company said was oversubscribed.
The funds raised from the bond issue are to be used to finance further acquisitions for the fast growing owner, which has built up a significant fleet in under six months.
Last month, MPC took its fleet to 20 vessels with the acquisition of five 1,300 teu vessels and a 2,700 teu vessel for $57m. The deal left MPC with around $35m from two private placements which raised $175m for fleet additions earlier in the year.
MPC Container Ships was set up by Germany’s MPC Capital in April, listing in Oslo, with a focus to own and operate a portfolio of feeder container ships between 1,000 and 3,000 teu.