Hapag-Lloyd AG: Covenant Quality Post-Sale Snapshot: EUR450m 5.125% Senior Notes Due 2024
CORPORATES ISSUER IN-DEPTH 19 July 2017 Source Documents: Final Offering Memorandum: 4 July 2017. Peer Group: » Shipping This report contains Moody's analysis of the principal protections and weaknesses of the covenant package of the Notes based on information contained in the Final Offering Memorandum dated 4 July 2017. Contacts Lisa Gundy 44-20-7772-1962 VP-Senior Covenant Officer lisa.gundHapag-Lloyd is a container liner shipping company. Co.'s core business is the shipping of containers by sea but also encompasses transport services from door to door. Co. transports hazardous goods by sea, road, rail, and inland waterway vessels; and provides reefer solutions to transport temperature-sensitive products, including perishable cargoes; and high value reefer cargoes, such as pharmaceuticals, healthcare products, and more. Co. also offers security information services; e-commerce solutions in the shipping industry; logistics services, such as pre-carriage and on-carriage transport services; and customs clearance services.
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