Through the issuance, the Company has upgraded its financial stability by saving cost through earlier repayment of the Tranche A borrowings out of the Acquisition Financing made in 2002 and earlier mitigation of the refinancing burden concerning part of the funds maturing in 2008.
Wilh. Wilhelmsen ASA owns 40 per cent of EUKOR, South Korea.
» Link to the complete Press Release from EUKOR Car Carriers, Inc.