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Share Name Share Symbol Market Type Share ISIN Share Description
Global Ports Holding Plc LSE:GPH London Ordinary Share GB00BD2ZT390 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 79.20 77.00 81.40 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Travel & Leisure 97.7 -33.4 -43.6 - 50

Global Ports Completes New 5-Year Loan Agreement, Concludes Eurobond Refinancing

30/07/2021 8:48am

Dow Jones News


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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)

Copyright (c) 2021 Dow Jones & Company, Inc.

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