Zim completes early redemption
Haifa-based Zim Integrated Shipping Services recently announced “the full completion of the early redemption of 100% of the principal amount and accrued interest of its series 1 and 100% series 2 unsecured notes.” The measure, announced in April 2021, was originally only due for June 2023.
Due to its public listing on the NYSE and the strong profits currently in the maritime shipping business, the shipping company was able to pay these dues prematurely.
Zim president and CEO Eli Glickman, who completed the official payment of almost USD 352 million digitally, said that the move represents “a landmark achievement and further indication of the strength of the line’s financial position.”
The line works in cooperation with the 2M alliance.
www.zim.com