New senior secured loan agreement (1196947)
17 May 2021 - 4:00PM
UK Regulatory
Global Ports Holding PLC (GPH)
New senior secured loan agreement
17-May-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
(MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Global Ports Holding Plc
New senior secured loan agreement
Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to
announce that, it has signed a five-year senior secured loan agreement with an international, institutional investor.
The loan agreement remains conditional on a number of factors, which are expected to be satisfied before the end of
June 2021. As part of the loan facility, the Company intends to issue warrants over its shares to the lender, which
will become exercisable subject to certain events. Further details on the terms of this financing arrangement will be
provided when it is appropriate to do so.
The net proceeds will be used to refinance the outstanding 8.125% senior Unsecured Notes due 2021 issued by GPH's
wholly owned subsidiary Global Liman Isletmeleri A.S.
The loan agreement also provides for potential additional growth funding to provide flexible financing solutions for
GPH's strategic objective of growing the number of cruise ports in its network.
CONTACT
For investor, analyst and financial media enquiries: For media enquiries:
Investor Relations Global Ports Holding, Company Secretary
Martin Brown Alison Chilcott
Telephone: +44 (0) 7947 163 687 Email: alisonc@globalportsholding.com
Email: martinb@globalportsholding.com -----------------------------------------------------------------------------------------------------------------------
ISIN: GB00BD2ZT390
Category Code: MSCH
TIDM: GPH
LEI Code: 213800BMNG6351VR5X06
Sequence No.: 105303
EQS News ID: 1196947
End of Announcement EQS News Service
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