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)

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