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Global Ports raises USD350 mln in 5-yr Eurobonds

20 Apr 2016 08:45

RNS Number : 7563V
Global Ports Investments PLC
20 April 2016
 

 

 

For immediate release 20 April 2016

 

 

Global Ports Investments PLC

 

Global Ports successfully raises USD 350 million in 5-year Eurobonds,refinances a further part of its debt portfolio

Global Ports Investments PLC ("Global Ports" or the "Company", together with its subsidiaries and joint ventures, the "Group" or the "Global Ports Group"; LSE ticker: GLPR) announces the issue of USD 350 million Reg S / Rule 144A Eurobonds maturing in January 2022 with the coupon rate of 6.872% per annum paid semi-annually ("Eurobonds"). The Eurobonds were issued by Global Ports (Finance) PLC, a 100% indirect subsidiary of Global Ports Investments PLC.

This Eurobond issue enables the Group to further diversify its sources of funding. The net proceeds from the offering will be used for the repayment of existing indebtedness of the Group, complementing the Group's refinancing at the end of 2015 and earlier this year through the issue of RUB 15 billion of local bonds swapped into US dollars. As of the end of April 2016, the share of public borrowings in the Company's debt portfolio is expected to increase to approximately 50%, while the share of fixed rate borrowings is expected to increase to almost 70%.

ING, J.P.Morgan, Raiffeisen Bank International, Sberbank CIB, UniCredit Bank and VTB Capital acted as Joint Lead Managers and Joint Bookrunners of the offering.

 

NOT FOR GENERAL DISTRIBUTION IN THE UNITED STATES OR TO ANY PERSON OR RESIDENT IN JAPAN, CANADA OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.

 

NOTHING IN THIS ANNOUNCEMENT CONSTITUTES AN OFFER OF SECURITIES FOR SALE, OR A SOLICITATION OF AN OFFER TO BUY SECURITIES, NOR SHALL THERE BE ANY SALE OF SECURITIES IN THE UNITED STATES, UNITED KINGDOM, RUSSIAN FEDERATION, CANADA, JAPAN, AUSTRALIA OR ANY OTHER JURISDICTION WHERE SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL. THE SECURITIES TO WHICH THIS ANNOUNCEMENT RELATES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), AND, SUBJECT TO CERTAIN EXCEPTIONS, MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES. THE COMPANY DOES NOT INTEND TO REGISTER ANY PORTION OF THE OFFERING UNDER THE APPLICABLE SECURITIES LAWS OF THE UNITED STATES OR CONDUCT A PUBLIC OFFERING OF ANY SECURITIES IN THE UNITED STATES.

 

THIS ANNOUNCEMENT OR INFORMATION CONTAINED THEREIN IS NOT AN OFFER, OR AN INVITATION TO MAKE OFFERS, TO SELL, EXCHANGE OR OTHERWISE TRANSFER SECURITIES IN THE RUSSIAN FEDERATION TO OR FOR THE BENEFIT OF ANY RUSSIAN PERSON OR ENTITY AND DOES NOT CONSTITUTE AN ADVERTISEMENT OR OFFERING OF SECURITIES IN THE RUSSIAN FEDERATION WITHIN THE MEANING OF RUSSIAN SECURITIES LAWS. INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT INTENDED FOR ANY PERSONS IN THE RUSSIAN FEDERATION WHO ARE NOT "QUALIFIED INVESTORS" WITHIN THE MEANING OF ARTICLE 51.2 OF THE FEDERAL LAW NO. 39-FZ "ON THE SECURITIES MARKET" DATED 22 APRIL 1996, AS AMENDED (THE "RUSSIAN QIS") AND MUST NOT BE DISTRIBUTED OR CIRCULATED INTO RUSSIA OR MADE AVAILABLE IN RUSSIA TO ANY PERSONS WHO ARE NOT RUSSIAN QIS, UNLESS AND TO THE EXTENT THEY ARE OTHERWISE PERMITTED TO ACCESS SUCH INFORMATION UNDER RUSSIAN LAW. THE NOTES HAVE NOT BEEN AND WILL NOT BE REGISTERED IN RUSSIA AND ARE NOT INTENDED FOR "PLACEMENT" OR "CIRCULATION" IN RUSSIA (EACH AS DEFINED IN RUSSIAN SECURITIES LAWS) UNLESS AND TO THE EXTENT OTHERWISE PERMITTED UNDER RUSSIAN LAW.

 

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev / Yana Gabdrakhmanova

+357 25 313 475

Email: ir@globalports.com

Global Ports Media Relations

Anna Vostrukhova

+357 25 313 475

E-mail: media@globalports.com

Teneo Strategy

Laura Gilbert / Sabine Pirone

+44 20 7240 2486

E-mail: globalports@teneostrategy.com

NOTES TO EDITORS

Global Ports

Global Ports Investments PLC is the leading operator of container terminals in the Russian market as measured by container throughput.

Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates or has joint venture interests in five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal1 and Moby Dik2 in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland3 (Multi-Link Terminals Helsinki and Multi-Link Terminals Kotka). Global Ports also owns or has joint venture interests in inland container terminals Yanino Logistics Park4 and Logistika-Terminal, both located in the vicinity of St. Petersburg, and has a 50% stake in the major oil products terminal AS Vopak E.O.S.5 in Estonia.

Global Ports' consolidated revenue for 2015 was USD 405.7 million and Adjusted EBITDA was USD 291.0 million*. The total marine container throughput was 1,834 thousand TEU* in 2015.

Global Ports' major shareholders are Transportation Investments Holding Limited (operating under the brand name of N-Trans), one of the largest private transportation and infrastructure groups in Russia (30.75%), and APM Terminals B.V. (30.75%), whose core expertise is the design, construction, management and operation of ports, terminals and inland services. APM Terminals operates a global terminal network of 72 ports and 140 inland services facilities, giving the company a global presence in 69 countries. 20.5% of Global Ports shares are traded in the form of global depositary receipts listed on the Main Market of the London Stock Exchange (LSE ticker: GLPR).

For more information please see: www.globalports.com

LEGAL DISCLAIMER

Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Global Ports. You can identify forward looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might" or the negative of such terms or other similar expressions. Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Global Ports does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Global Ports, including, among others, general political and economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports operates in, as well as many other risks related to Global Ports and its operations.


[1] In which Eurogate currently has a 20% effective ownership interest. 

[2] In which Container Finance currently has a 25% effective ownership interest. 

[3] In each of which Container Finance currently has a 25% effective ownership interest. 

[4] In which Container Finance currently has a 25% effective ownership interest. 

[5] In which Royal Vopak currently has a 50% effective ownership interest. 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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