Spokeswoman Anne-france Malrieu tellsTradeWinds that proceeds from the EUR 300m ($410m) exercise will be used to refinance existingdebt.
In a brief email exchange she also pointedout that the issuance will help her company “strengthen its liquidity position”since the notes will have “longer maturity and better terms”.
While CMA CGM failed to elaboratefurther it is widely believed that the fundraiser will follow a road show inLondon that began Thursday and ended the following day.
According
