Global Ports Completes New 5-Year Loan Agreement, Concludes Eurobond Refinancing
July 30 2021 - 3:48AM
Dow Jones News
By Sabela Ojea
Global Ports Holding PLC said Friday that it has completed its
new five-year loan agreement for up to $261.3 million with the
investment firm Sixth Street.
The Russia-focused, U.K.-listed port operator added that as a
result it has concluded the early repayment of the $200.3 million
of the 8.125% senior unsecured Eurobond issued by its wholly owned
subsidiary Global Liman Isletmeleri AS.
The Eurobond had been due Nov. 14, it said.
The loan agreement provides for two term loan facilities: an
initial five-year term facility of $186.3 million and an additional
five-year growth facility of up to $75.0 million, it said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
July 30, 2021 03:48 ET (07:48 GMT)
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