Source - RNS
RNS Number : 6873K
Global Ports Investments PLC
23 September 2016
 

 

 

For immediate release                                                                                                            23 September 2016

 

 

Global Ports Investments PLC

 

Global Ports successfully issues USD 350 million in 7-year Eurobonds and publishes the Listing Particulars

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 September 2023 with a coupon rate of 6.5% 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 step is in line with the Group's strategy to further diversify its sources of funding. The net proceeds from the offering will be used for the repayment of existing Group debt. At the end of September 2016, the share of public borrowings in the Company's debt portfolio is expected to exceed 80%, while the share of fixed-rate borrowings is expected to exceed 95%.

The Listing Particulars for the Eurobond are available for viewing and can be downloaded in PDF format at: http://www.globalports.com/globalports/dlibrary/panda/Listing_Particulars_dated_20_September_2016.pdf

or at:

http://www.rns-pdf.londonstockexchange.com/rns/6873K_-2016-9-23.pdf

NOT FOR GENERAL DISTRIBUTION IN ANY 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 THERE 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.

 

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: [email protected]

Global Ports Media Relations

Anna Vostrukhova

+357 25 313 475

E-mail: [email protected]

Teneo Blue Rubicon

Laura Gilbert / Sabine Pirone

+44 20 7260 2700

E-mail: [email protected]

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 the first half of 2016 was USD 163.7 million and Adjusted EBITDA was USD 111.5 million*. The total marine container throughput was 771 thousand TEU* in the first half of 2016.

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).

*Certain financial and operational information which is derived from the management accounts is marked in this announcement with an asterisk {*}. Reconciliations and definitions for Adjusted EBITDA can be found in Appendix 2 and Appendix 3, respectively, of the Group's 2016 Interim Results, available at:

http://www.globalports.com/globalports/upload_docs/press/Global_Ports_1H16_Results_Release.pdf

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 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
 
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