CMA CGM tenders for 8½% notes due 2017, 8 7/8% notes due 2019

New York, May 26 – CMA CGM SA announced a tender offer for its $432.21 million of 8½% senior notes due 2017 and its €286,108,000 of 8 7/8% senior notes due 2019.

The company is offering to pay $1,023.75 per $1,000 principal amount of the 8½% notes and €1,046.88 per €1,000 principal amount for the 8 7/8% notes, according to a notice.

Holders will also receive accrued interest up to but excluding the settlement date.

The tender for the 8½% notes ends at 5 p.m. ET on June 3 and for the 8 7/8% notes at 12 p.m. ET the same day.

Completion of the tender is subject to conditions including that CMA CGM raises enough funds from an offering of new notes to fund the offer and customary conditions. The company announced plans for a dual-currency sale of new notes on Tuesday morning.

CMA CGM said that CMA CGM UK currently holds $37.5 million of the 8½% notes.

BNP Paribas (+44 20 7595 8668, 888 210-4358, 212 841-3059 or liability.management@bnpparibas.com) and Morgan Stanley & Co. International plc (+44 20 7677 5040, 800 624-1808, 212 761-1057 or liabilitymanagementeurope@morganstanley.com) are dealer managers. Lucid Issuer Services Ltd. (+44 20 7704 0880 or cmacgm@lucid-is.com) is tender agent.

CMA CGM is a Marseille, France-based maritime shipping company.

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