CMB.TECH cancels senior unsecured bond issue due to unfavorable market conditions following investor meetings.
Quiver AI Summary
CMB.TECH NV has announced that it will not move forward with the issuance of a senior unsecured bond after evaluating feedback from potential investors during recent meetings. The company found that the terms offered in the current market were less desirable compared to alternative funding options available to them. CMB.TECH, one of the largest diversified maritime groups globally, operates a fleet of around 250 vessels and provides hydrogen and ammonia fuel services. The company is listed on multiple exchanges, including NYSE and Euronext, and has offices in various regions worldwide.
Potential Positives
- CMB.TECH has successfully assessed its funding options, opting not to proceed with a senior unsecured bond due to less favorable terms, indicating prudent financial management.
- The company remains active in engaging with potential investors, demonstrating commitment to transparency and fostering investor relations.
- CMB.TECH continues to maintain a diversified portfolio, including a fleet of about 250 vessels and offering hydrogen and ammonia fuel, reinforcing its position as a significant player in the maritime industry.
Potential Negatives
- CMB.TECH has decided not to proceed with the issue of a senior unsecured bond, suggesting challenges in securing favorable financing options.
- The decision was influenced by less favorable indicative terms in the current market conditions compared to other funding sources, indicating potential financial strain or lack of confidence from investors.
- Not proceeding with the bond issuance could raise concerns among investors about the company's access to capital and financial stability.
FAQ
Why did CMB.TECH cancel the bond issue?
CMB.TECH decided against the bond issue due to less favorable terms compared to other funding sources available.
What is CMB.TECH's primary industry focus?
CMB.TECH operates in the maritime industry, managing a diverse fleet including bulk carriers, oil tankers, and offshore vessels.
Where is CMB.TECH headquartered?
CMB.TECH is headquartered in Antwerp, Belgium, and has offices globally across Europe, Asia, the US, and Africa.
What services does CMB.TECH provide?
CMB.TECH offers hydrogen and ammonia fuel production and is involved in the management of various vessel types.
How can I contact CMB.TECH's Investor Relations?
For inquiries, contact Joris Daman, Head of Investor Relations, at +32 498 61 71 11 or [email protected].
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CMBT Hedge Fund Activity
We have seen 2 institutional investors add shares of $CMBT stock to their portfolio, and 0 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CERITY PARTNERS LLC added 18,405 shares (+inf%) to their portfolio in Q3 2025, for an estimated $172,822
- GENEOS WEALTH MANAGEMENT INC. added 190 shares (+inf%) to their portfolio in Q3 2025, for an estimated $1,784
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Antwerp, Oct. 23, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO) (“CMB.TECH”) references the stock exchange release dated 20 October 2025 regarding fixed income investor meetings.
Following engagement with potential investors, CMB.TECH has decided not to proceed with the issue of a senior unsecured bond. The indicative terms offered under the current market conditions were less favourable compared to the other funding sources available to the Company.
For further information, please contact:
Joris Daman - Head of Investor Relations CMB.TECH - +32 498 61 71 11 - [email protected]
Katrien Hennin - Head of Marketing and Communications CMB.TECH - +32 499 39 34 70 - [email protected]
About CMB.TECH
CMB.TECH is one of the largest listed, diversified and future-proof maritime groups in the world with a fleet of about 250 vessels: dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore wind vessels and port vessels. CMB.TECH also offers hydrogen and ammonia fuel to customers, through own production or third-party producers.
CMB.TECH is headquartered in Antwerp, Belgium, and has offices across Europe, Asia, United States and Africa.
CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol “CMBT” and on Euronext Oslo Børs under the ticker symbol “CMBTO”.
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbour legislation. The words “believe”, “anticipate”, “intends”, “estimate”, “forecast”, “project”, “plan”, “potential”, “may”, “should”, “expect”, “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include potential legal actions by other parties relating to the Market Court’s decision, the outcome of the proceedings pending before the Enterprise Court in Antwerp, the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see our filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.
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