Hapag-Lloyd has increased the size of its debt offering by EUR 100m ($94m).
The German owner will sell EUR 250m of unsecured notes, up from EUR 150m last week, according to Bloomberg.
Hapag said it would use $50m from the offering to partially redeem an outstanding dollar bond due this year.
The company expects its total debt to nearly double after the merger with United Arab Shipping Co (UASC) is completed.
With overcapacity taking a toll at liner companies’ results, Hapag was one of the first companies to drive consolidation along with CMA CGM and Maersk Line.
Shares in the German owner have gained 53% in the last three months and were changing hands at EUR 27.35 each earlier today.
