Hapag-Lloyd has entered into a new credit facility

Shipping company Hapag-Lloyd, moving forward with the implementation of its Strategy 2023, has entered into a new EUR 100 million (USD 112.8 million) revolving credit facility.

As informed, the facility is to be made available for utilization from June 14, 2019, for different maturities up to 18 months and subject to up to two years extension.

“Hapag-Lloyd AG may use the financing from the facility for general corporate purposes and to optimize its debt maturity profile and cost of capital, in line with its strategic objectives,” the company said.

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