CMA CGM could be about to raise an extra US$800-million through a high-yield bond issue to help secure its financial base, according to UK publication, IFW.
The French carrier would need agreement from its 77 creditor banks before it could push the bond through, it added.
CMA CGM’s main lenders are reported to have signed-up to the agreement, but it is taking others involved in syndicates longer to complete the process. However, it is expected that the bond offering could be launched by the end of March.
