Brief: Global Yatirim Says Subsidiary Global Ports Holding Informed That Its Subsidiary San Juan Cruise Port Llc Has Successfully Reached Financial Closing Of PPP Agreement

Global Yatirim Holding

15/02/2024 07:09

Feb 15 (Reuters) - Global Yatirim Holding AS  GLYHO.IS :
    * GLOBAL YATIRIM SAYS SUBSIDIARY GLOBAL PORTS HOLDING
INFORMED
THAT ITS SUBSIDIARY SAN JUAN CRUISE PORT LLC HAS SUCCESSFULLY
REACHED FINANCIAL CLOSING OF  PPP AGREEMENT
    * GLOBAL YATIRIM SAYS SUBSIDIARY GPH INFORMED THAT ITS
SUBSIDIARY
SAN JUAN CRUISE PORT LLC CONCLUDES DEBT FINANCING FOR INITIAL
PHASE OF ITS INVESTMENT IN SAN JUAN CRUISE PORT HAS NOW TAKEN
OVER CRUISE OPERATIONS AT SAN JUAN CRUISE PORT FOR GPH
    * GLOBAL YATIRIM SAYS SUCCESSFUL LONG-TERM PROJECT FINANCING
WAS
ACHIEVED THROUGH ISSUANCE, BY SAN JUAN CRUISE PORT, OF TWO BONDS
TOTALLING USD 187 MILLION
    * GLOBAL YATIRIM SAYS $110 MILLION HAS BEEN RAISED THROUGH
ISSUANCE OF A SERIES A BOND DUE 2045 AND UNDERWRITTEN BY
BARCLAYS CAPITAL INC, WHICH WILL NOW BE PLACED IN US MUNICIPAL
BOND MARKET AT AN AVERAGE COUPON RATE OF 6.6%
    * GLOBAL YATIRIM SAYS $77 MILLION WAS RAISED THROUGH THE
ISSUANCE
OF A SERIES B BOND DUE 2039 TO US INSTITUTIONAL INVESTORS AT A
FIXED COUPON OF 7.21%

Source text for Eikon:  ID:nIKAc1PgNP 
Further company coverage:  GLYHO.IS 

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