New senior secured loan agreement

b'Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\nGlobal 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.\nThe loan agreement remains conditional on a number of factors, which are expected to be satisfied before the end of June 2021.

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EQS

Retrieved on:

Monday, May 17, 2021

Information

Tags:

Finance, Money, Personal finance, Economy, Loans, Corporate finance, Debt, Financial law, Promissory note, Refinancing, Warrant, Secured loan

Summary

Key Points:

b'Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.\nThe issuer is solely responsible for the content of this announcement.\nGlobal 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.\nThe 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.\nThe 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.\nThe 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.\nFor investor, analyst and financial media enquiries:\n'

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.

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: [email protected]
Email: [email protected]


ISIN:	GB00BD2ZT390
Category Code:	MSCH
TIDM:	GPH
LEI Code:	213800BMNG6351VR5X06
Sequence No.:	105303
EQS News ID:	1196947


End of Announcement	EQS News Service