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Sector
Industrials
Size
Mid Cap
Market Cap £473.7m
Enterprise Value £1.02bn
Revenue £286.4m
Position in Universe 526th / 1808

Global Ports Inv - Group refinanced part of its debt porfolio

Tue 22nd December, 2015 3:18pm
RNS Number : 9167J
Global Ports Investments PLC
22 December 2015

For immediate release 22 December 2015

Global Ports Investments PLC

Global Ports successfully refinanced 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 that First Container Terminal Incorporated ("FCT"), the Company's 100% Russian subsidiary, on 18 December 2015 successfully priced a 5-year Russian rouble denominated bond for a total amount of RUB 5 billion at a fixed coupon rate of 13.1% per annum. The settlement on MOEX took place on 22 December 2015. Proceeds from the bond issuance were swapped into USD and used for the refinancing of Group debt.

This bond issue is part of the program announced on 4 December 2015, which gives FCT the potential to issue bonds, if market conditions present suitable opportunities, in six tranches of RUB 5 billion each for a total amount of up to RUB 30 billion over a period of up to three years.

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev

+357 25 313 475

Email: ir@globalports.com

Global Ports Media Relations

Anna Vostrukhova

+357 25 313 475

E-mail: media@globalports.com

StockWell Communications

Laura Gilbert/ Zoe Watt

+44 20 7240 2486

E-mail: globalports@stockwellgroup.com

NOTES TO EDITORS

Global Ports

Global Ports Investments PLC is the leading operator of container terminals in the Russian market.

Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal[1] and Moby Dik[2] in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland[3] (Multi-Link Terminals Helsinki and Multi-Link Terminals Kotka). Global Ports also owns inland container terminals Yanino Logistics Park[4] 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. in Estonia[5].

Global Ports' consolidated revenue in the first half 2015 was USD 214.3 million and Adjusted EBITDA was USD 153.4 million*. The total marine container throughput was 834 thousand TEU* in the firsthalf2015.

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 62 ports and 135 inland services facilities, giving the company a global presence in 58 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

About FCT

FCT is the largest container terminal in Russia by gross throughput and handling capacity (according to ASOP). It is located in the St. Petersburg harbour, Russia's primary gateway for container cargo and was one of the first specialised container terminals to be established in the USSR. FCT's gross container throughput was 941 thousand TEUs in 2014. The Group has a 100% effective ownership interest in FCT.

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
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