Mitsui O.S.K. Lines, Ltd. announced that as of today, it has concluded a contract for 50 billion yen funding through new hybrid loan(the “New Hybrid Loan”) as outlined below. Meanwhile, like the hybrid corporate bonds announced in the March 17, 2021, press release: “MOL Announces Issuance of Publicly Offered Hybrid Corporate Bonds”, the loan will be used to fund part of the early repayment of the existing hybrid loan(the “Existing Hybrid Loan) concluded on September 30, 2016.
1. Outline of the New Hybrid Loan
2. Early Repayment of Existing Hybrid Loan
MOL will complete an early repayment of the Existing Hybrid Loan on October 7, 2021.
Source: Mitsui O.S.K Lines (MOL)